MAHINDRA & MAHINDRA LTD. Board’s Report 79 Farm Equipment Sector Your Company’s Farm Equipment Sector recorded total sales of 4,24,641 tractors (domestic + export) as against 3,78,386 tractors sold in the previous year. These figures for the current year sales and previous year sales include tractors sold under the Trakstar brand, which is the third brand of your Company under the subsidiary Gromax Agri Equipment Limited. For the year under review, the tractor industry in India recorded sales of 9,39,713 tractors, a growth of 7.3%. Tractor Industry recorded growth in FY25 on account of favorable weather conditions, good reservoir levels, strong rabi outlook and positive terms of trade for farmers. Harvest season has commenced in the northern regions and is expected to progress smoothly across the country. In the domestic market, your Company sold 4,07,094 tractors, as compared to 3,64,526 tractors in the previous year (these figures include tractors sold by Gromax Agri Equipment Limited), recording a growth of 11.7%. It is the highest ever volume sold by your Company. With a market share at 43.3%, a gain of 1.7% over previous year, your Company remains the Market Leader for the 42nd consecutive year. Your Company continues to focus on growing the farm mechanisation space, by offering affordable mechanisation solutions. The portfolio comprises of Rotavators, Cultivators, Harvesters, Rice Transplanters, Balers and Sprayers. For the year under review, your Company exported 17,547 tractors which is a growth of 26.6% over the previous year. Overall exports are under pressure due to global slow down. Net Sales of Spare parts for the FY25 stood at Rs. 1,328.6 crores (including exports of Rs. 171.8 crores) as compared to Rs. 1,121.2 crores (including exports of Rs. 105 crores) in the previous FY24, registering a growth of 18.5%. Please refer to the paragraph on Operating Results in the Management Discussion & Analysis section for detailed analysis. Other Businesses Powerol Mahindra Powerol has been a significant player in the power back-up industry for over 20 years. One of the Top 2 players (by volume) in the overall Power Generation market, Mahindra Powerol’s network is spread over 800 service and sales touchpoints nationwide and over 12 overseas locations. The Company’s distinct business model strategically balances its service and product contributions, each equally vital to its revenue generation. In addition to Telecom, Powerol has also been focusing on increasing its retail market share by Higher kVA range extensions. With a focus on green energy, Powerol has also initiated an EV charger business for home charger installations. Mahindra Powerol has already installed over 10,000 chargers nationwide. Your Company is also into Energy Storage Solutions through Li-ion batteries. Construction Equipment Your Company, under the Mahindra EarthMaster brand, sold 981 Backhoe Loaders (BHLs), and sold 256 Motor Graders, under the RoadMaster brand. Notably, your Company retained its position as the market leader (~23% Market Share) in the Motor Grader segment, a testament to its robust product offerings and strong customer trust. Moreover, your Company achieved an exceptional milestone in the export markets by recording a significant growth of 124% year-on-year. A total of 228 units of construction equipment were exported, reflecting the growing acceptance of Mahindra products in international markets and the success of strategic efforts to expand the global footprint. Two-Wheeler Business In line with the strategy for the two-wheeler business, your Company through its subsidiary, Classic Legends Private Limited had re-introduced the iconic brands ‘Jawa’ and ‘Yezdi’ to the Indian market in the FY19 and FY22 respectively. During FY23, ‘42 Bobber’ was introduced and during FY24, ‘Jawa 350’ was introduced to the Indian market. In addition, the Company forayed into new international markets through iconic British brand BSA in UK and European markets. During FY25, the Company also launched its third iconic brand into the Indian market ‘BSA’ by launching ‘BSA Gold Star 650’ and also added ‘Jawa 42 FJ’ as one more product into Jawa portfolio. Current Year’s review During the period 1st April, 2025 to 4th May, 2025, 85,821 vehicles were produced as against 71,060 vehicles and 81,660 vehicles were dispatched as against 68,359 vehicles during the corresponding period in the last year. During the same period 44,182 tractors were produced and 43,788 tractors
RkJQdWJsaXNoZXIy NTE5NzY=