Mahindra & Mahindra Ltd. — Earnings Release 2025

Mar 1, 2025

Mahindra & Mahindra Ltd . Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India

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Tel: +91 22 2490 1441 Fax: +91 22 2490 0833 www.mahindra.com

Ref. NS: SEC 1[st] March, 2025

National Stock Exchange of India Limited BSE Limited "Exchange Plaza", 5[th] Floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block Dalal Street, Fort, Bandra-Kurla Complex Mumbai 400001. Bandra (East), Mumbai 400051.

35A Boulevard Joseph II, 10 Paternoster Square L-1840 Luxembourg. London EC4M 7LS.

Dear Sirs,

Sub: Two Press Releases issued by Mahindra & Mahindra Limited

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Please find enclosed two Press Releases issued by Mahindra & Mahindra Limited.

Kindly take the same on record.

Please acknowledge receipt of the same.

Yours faithfully,

For MAHINDRA & MAHINDRA LIMITED

NARAYAN Digitally signed by NARAYAN SHANKAR SHANKAR Date: 2025.03.01 09:17:52 +05'30'

NARAYAN SHANKAR COMPANY SECRETARY

Encl.: as above

Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001, India | Tel: +91 22 6897 5500 | Fax: +91 22 22875485 | Email: group.communication@mahindramail.com | mahindra.com | CIN No. L65990MH1945PLC004558

Mahindra & Mahindra Ltd . www.mahindra.com

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Press Release

Mahindra Auto sells 50420 SUVs, a growth of 19% and total volumes of 83702, a growth of 15% in February 2025

Mumbai, March 01, 2025: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of February 2025 stood at 83702 vehicles, a growth of 15%, including exports.

In the Utility Vehicles segment, Mahindra sold 50420 vehicles in the domestic market, a growth of 19% and overall, 52386 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 23826.

According to Veejay Nakra, Pres ident, Automotive Division, M&M Ltd., “In February, we clocked SUV sales of 50420, a growth of 19% and 83702 total vehicles, a growth of 15%. This strong performance is a result of a continued positive momentum for our SUV portfolio.”

Passenger Vehicles Sales Summary (Domestic) – February 2025

Passenger Vehicles Sales Summary (Domestic) – February 2025	Passenger Vehicles Sales Summary (Domestic) – February 2025	Passenger Vehicles Sales Summary (Domestic) – February 2025	Passenger Vehicles Sales Summary (Domestic) – February 2025	Passenger Vehicles Sales Summary (Domestic) – February 2025	Passenger Vehicles Sales Summary (Domestic) – February 2025	Passenger Vehicles Sales Summary (Domestic) – February 2025
Category		February		YTD February
	F25	F24	% Change	F25	F24	% Change
UtilityVehicles *	50420	42401	19%	503439	419233	20%
Cars + Vans		0		9	13	-100%
Passenger Vehicles	50420	42401	19%	503439	419246	20%

Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – February 2025

Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – February 2025	Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – February 2025	Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – February 2025	Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – February 2025	Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – February 2025	Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – February 2025	Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – February 2025
Category		February		YTD February
	F25	F24	% Change	F25	F24	% Change
LCV < 2T**	3290	4146	-21%	35465	40081	-12%
LCV 2T – 3.5 T***	19155	17554	9%	198102	190175	4%
LCV > 3.5T + MHCV	1381	1125	23%	11569	11624	0%
3W**	6395	6158	4%	78080	72310	8%

Exports – February 2025
Category	February			YTD February
	F25	F24	% Change	F25	F24	% Change
Total Exports**	3061	1539	99%	30566	23090	32%

• Above UV Sales includes sales made by subsidiary company Mahindra Electric Automobile Limited

• ** Above Sales Includes sales made by subsidiary company Mahindra Last Mile Mobility Limited

• *Above Sales includes Bolero Maxx PUP HD 2.0

About Mahindra

Mahindra & Mahindra Ltd . www.mahindra.com

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Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/newsroom

Media contact information

Nayana Borthakur Head - Communications Automotive & Farm Equipment Sector Mahindra & Mahindra Limited Email - borthakur.nayana@mahindra.com

Mahindra & Mahindra Ltd . www.mahindra.com

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Press Release

Mahindra’s Farm Equipment Sector Sells 23880 Tractor Units in India during February 2025

Mumbai, March 01, 2025: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for February 2025.

Domestic sales in February 2025 were at 23880 units, as against 20121 units during February 2024.

Total tractor sales (Domestic + Exports) during February 2025 were at 25527 units, as against 21672 units for the same period last year. Exports for the month stood at 1647 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 23880 tractors in the domestic market during February 2025, a growth of 19% over last year. After a good Kharif crop, Rabi crop outlook is also looking positive due to favourable weather conditions. Increase in Agri credit limit, continued Government support to increase farmer incomes and a bumper Rabi harvest will help boost tractor demand going forward. In the exports market we have sold 1647 tractors, at a growth of 6% over last year.”

Farm Equipment Sector	Farm Equipment Sector	Summary	Summary
		February			YTD February
	F25	F24	**% Change **	F25	F24	**% Change **
Domestic Exports	23880 1647	20121 1551	19% 6%	374512 15195	340250 12112	10% 25%
Total	25527	21672	18%	389707	352362	11%

*Exports include CKD

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Mahindra & Mahindra Ltd . www.mahindra.com

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Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

Media contact information

Nayana Borthakur Head – Communications Automotive & Farm Sector (Corporate) Mahindra & Mahindra Limited Email – borthakur.nayana@mahindra.com