The Board of Directors of Mahindra & Mahindra Limited today approved the financial results for the quarter ended 30th June 2022 of the Company and the consolidated Mahindra Group.

Q1 FY23 Standalone PAT after EI at Rs 1,430 crores up 67%

Q1 FY23 Consolidated PAT after EI at Rs 2,196 crores up 418%

Highest ever quarterly standalone revenue for Auto and Farm Segments at Rs. 18,995 crores

Farm Equipment Sector (FES) Tractors Market Share for Q1 FY23 at 42.7%, uptick of 0.9% YoY

M&M continues to be No.1 in SUV Revenue Market Share (17.1%)

FES achieved highest ever domestic quarterly volumes (112.3k tractors) and exports (5.1k tractors)

Auto delivered highest ever quarterly SUV (75.4k) and Pik-up (46k) volumes

M&M Operating Margin at 11.9%

Successful launch of All new Scorpio-N - 25k bookings within 1 minute; 100k bookings within 30 minutes

Last Mile Mobility: No 1 electric 3W company with market share of 75.4% in Q1 FY23

Mumbai, August 5, 2022: The Board of Directors of Mahindra & Mahindra Limited today approved the financial results for the quarter ended 30th June 2022 of the Company and the consolidated Mahindra Group.

Automotive

British International Investment (BII) to invest up to $250 mn in new EV Co to be setup at a valuation of up to $ 9.1 bn

Open booking at 165k+ reflecting strong automotive demand

Maintaining leadership position in LCV

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