Mahindra & Mahindra Limited | Integrated Annual Report 2025-26

167 STATUTORY REPORTS | Management Discussion and Analysis The manifestation of this vision was showcased through SUV concepts – the Vision.S, Vision.T, Vision.SXT and Vision.X, which address white spaces while staying true to Mahindra’s core attributes of turn-on design, unmissable presence, spirited performance, on-tap power, world-class safety, sci-fi technology and a tough yet sophisticated character. BE 6 Formula E Edition Your Company launched the world’s first Formula E inspired electric SUV, the BE 6 Formula E Edition that brought the adrenaline of the ABB FIA Formula E World Championship to India’s streets – precision driving, aggressive aerodynamics, unmistakable motorsport styling. In FY26, your Company launched several new products. NU_IQ On 15th August 2025, your Company unveiled Global Vision 2027 and showcased four world-beating SUV design concepts based on the modular, multi-energy NU_IQ platform. The revolutionary NU_IQ platform is the result of innovation born out of your Company’s strategy in the automotive space to create products that rewrite the rules of mobility and free consumers from compromises. BE 6 Batman Edition In August 2025, your Company launched the BE 6 Batman Edition in collaboration with Warner Bros. Discovery Global Consumer Products (‘WBDGCP’). The BE 6 Batman edition brings to life a rare fusion of cinematic heritage and modern luxury, inspired by Christopher Nolan’s critically acclaimed The Dark Knight Trilogy from Warner Bros. Pictures. The first lot of 999 units were sold out in just 135 seconds showcasing the extraordinary outpouring of enthusiasm from fans, collectors, and the community.

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