Mahindra & Mahindra Limited | Integrated Annual Report 2025-26

Integrated Annual Report 2025-26 96 Earnings Per Share (EPS) The Standalone basic EPS of the Company stood at Rs. 130.2 for the year ended 31st March 2026 as against Rs. 98.8 for the year ended 31st March 2025 and Diluted EPS stood at Rs. 129.8 for the year ended 31st March 2026 as against Rs. 98.5 in the previous year. Details of Material Changes from the end of the Financial Year till the date of this Report No material changes and commitments have occurred after the closure of FY26 till the date of this Report, which would affect the financial position of your Company. Performance Review Automotive Sector* Your Company’s Automotive Sector posted total sales of 11,17,698 vehicles (10,04,771 four-wheelers and 1,12,927 three-wheelers) as against a total of 9,41,115 vehicles (8,54,273 four-wheelers and 86,842 three-wheelers) in the previous year, registering a growth of 18.8%. In the domestic market, your Company sold a total of 10,76,668 vehicles as compared to 9,06,406 vehicles in the previous year, resulting in a growth of 18.8%. In the Passenger Vehicle (‘PV’) segment, your Company sold 6,60,276 Utility Vehicles (‘UVs’) as compared to the previous year’s volume of 5,51,487 UVs, registering a growth of 19.7%. In the Commercial Vehicle (‘CV’) segment, your Company sold 3,04,389 vehicles [including 38,120 vehicles <2T GVW, 2,08,634 vehicles between 2-3.5T GVW, 45,773 Light Commercial Vehicles (‘LCVs’) in the 3.5T-7.5T segment, 1,918 vehicles in the 7.5T-16T GVW segment, 5,324 Heavy Commercial Vehicles (‘HCVs’) and 4,620 LCV Passenger] registering a growth of 13.1% over the previous year’s volumes of 2,69,087 vehicles [including 38,995 vehicles <2T GVW, 1,89,914 vehicles between 2-3.5T GVW, 29,085 LCVs in the 3.5T-7.5T segment, 1,340 vehicles in the 7.5T-16T GVW segment, 5,457 HCVs and 4,296 LCV Passenger]. In the three-wheeler segment, your Company sold 1,12,003 three-wheelers in the domestic market, registering a growth of 30.5% over the previous year’s volume of 85,832 three-wheelers. For the year under review, the Indian automotive industry (except 2W) grew by 9.3%, with the PV industry growth of 7.9% and CV industry growth of 12.6%. The UV segment showed growth of 11.0%. The UV market share for your Company stood at 21.3%. Thar Roxx, Scorpio, XUV3X0, XUV700, Thar and Bolero continued to be strong brands for your Company in the UV segment. Within the CV industry, the LCV goods <7.5T segment grew by 12.5% while the Medium and Heavy Commercial Vehicles (‘MHCV’) Goods Segment grew by 15.7%. In the LCV<7.5T segment, your Company retained its No. 1 position with 49.1% Market Share. Your Company sold a total of 2,92,527 vehicles in this segment, which is a growth of 13.4% over the previous year. In the MHCV Goods Segment, your Company sold 7,242 trucks as against 6,797 trucks in the previous year. Your Company’s market share in the MHCV segment stands at 2.0%. Your Company is the pioneer for Electric Vehicles (EVs) in India, and for the year under review, in the electric three-wheeler segment, your Company sold 1,04,586 vehicles as against 77,386 vehicles in the previous year, with a growth of 35.1%. In the electric four-wheeler segment, your Company sold 57,472 vehicles as against 14,183 vehicles in the previous year, with a growth of 305.2%. In the CV segment, your Company sold 2,571 Electric Vehicles. During the year under review, your Company posted an export volume of 41,030 vehicles as against the previous year’s exports of 34,709 vehicles, representing a growth of 18.2%. The sales of spare parts for the year stood at Rs. 6,027.4 crore (including exports of Rs. 321.9 crore) as compared to Rs. 5,280.3 crore (including exports of Rs. 262.9 crore) in the previous year, registering a growth of 14.1%. * The figures include sales made by subsidiaries of the Company viz. Mahindra Electric Automobile Limited and Mahindra Last Mile Mobility Limited.

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