Mahindra and Mahindra : Investor Presentation

Mahindra & Mahindra

Ltd. Mahindra Towers,

Dr. G. M. Bhosale Marg,

Worli, Mumbai 400 018

India

Tel: [phone]

Fax: [phone]

REF:NS:SEC:

15th August, 2022

National Stock Exchange of India Limited	BSE Limited
"Exchange Plaza", 5th Floor,	Phiroze Jeejeebhoy Towers,
Plot No.C/1, G Block	Dalal Street, Fort,
Bandra-Kurla Complex	Mumbai 400001.
Bandra (East), Mumbai 400051.
Bourse de Luxembourg	London Stock Exchange Plc
Societe de la Bourse de Luxembourg	10 Paternoster Square
Societe Anonyme/R.C.B. 6222,	London EC4M 7LS.
B.P. 165, L-2011 Luxembourg.

Sub: Intimation under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 -

Global Showcase of Born Electric Vision

This has reference to our earlier intimations dated 7th July, 2022 and 12th August, 2022 regarding:-

• Sale/Transfer/Hiving off of identified assets relating to the 4 (Four) Wheel Passenger Electric Vehicles Business of the Company to a new EV company to be incorporated as a wholly owned subsidiary of the Company ('EVCo') and
• Advance intimation of the upcoming Media/ Institutional Investors Meeting.

We wish to inform that the Company has today organized a Global Showcase of Born Electric Vision including Showcasing of Future EV Products, in the presence of Media/ Institutional Investors in Banbury, UK.

In furtherance of the same, please find enclosed a Press Release (PR) issued by the Company in this regard.

The streaming of the Born Electric Vision event would be available at the following link: https://www.youtube.com/watch?v=quOHHVVYWlofor a limited period of time.

Further, the recording of the event would be available on the Company's website and can be accessed at the following link: https://www.mahindra.com/investors/reports-and-filingsunder 'Events update' and 2022-23 year drop down.

The video and pictures of the products would be available at the following link: https://drive.google.com/drive/folders/14lfioaIUjm3VrcTM4uVtETvdfhrgzLFv?usp=sharing

Kindly take the same on record.

Yours faithfully,

For MAHINDRA & MAHINDRA LIMITED

NARAYAN SHANKAR

COMPANY SECRETARY

Encl :As above.

Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001, India

Tel: [phone]|Fax: [phone]

Email : [e-mail] mahindra.com

CIN No. L65990MH1945PLC004558

Press Release

Mahindra unveils five Electrifying SUVs under two brands based on the

purpose-built INGLO platform

• Launches two EV brands -Iconic brand XUV with the Twin Peak logo in Copper and the all-newelectric-only brand called BE
• Showcases five new electric SUVs based on the modular INGLO platform, using VW MEB platform components
• INGLO features one of the lightest skateboard and class-leading high energy-density batteries
• First of these e-SUVs to be launched towards end of 2024, starting with the Indian market

London/Mumbai, August 15, 2022: Mahindra & Mahindra, India's leading SUV manufacturer, today unveiled its new state-of-the-art INGLO EV platform and five e-SUVs under two EV brands showcasing its vision for the future of electric mobility.

Mahindra's vision is to lead the electric mobility revolution in India by bringing authentic electric SUVs with cutting-edge technology, through the three key strategic pillars of Brand, Design and Technology.

Brand:

Bringing alive the sport in electric SUVs, Mahindra unveiled two new brands, created specifically to house the company's EV portfolio - Iconic brand XUV with the Twin Peak logo in Copper and the all-newelectric-only brand called BE.

The iconic brand XUV will host a range of products that builds upon the Mahindra legacy while embracing the future. With a sophisticated futuristic design, pulsating performance and dynamic innovation, it is targeted at customers who have the passion to live life beyond boundaries while making a difference.

The bold, evocative and exhilarating BE brand, with its audacious new design language will target customers who want to define their life's journey their own way while making a difference: A brand that will let customers be who they want to be.

The manifestation of these two brands have been showcased via five e-SUVs: the XUV.e8, XUV.e9, BE.05, BE.07 and BE.09. The first four of these are to be launched between 2024 and 2026.

Design:

Common to these SUVs is the Mahindra new Heartcore design philosophy - a blend of unmissable presence, inner strength and attitude. Breaking new ground, these all-newe-SUVs will create an electrifying presence, both on the road and off it, while retaining the Mahindra core SUV heritage.

INGLO Technology:

Indian at heart and global in its reach, the INGLO platform encapsulates progressive battery technology, platform architecture, brain power and human machine interface. The name also symbolizes the flow and exchange of energy and emotion, a GLO of well-being, a system that brings complete harmony.

The cutting-edge INGLO platform will underpin all the Mahindra EVs going forward. The purpose-built platform will pack intuitive, intelligent and immersive innovations that will serve as the backbone of the Mahindra EV architecture and is the heart of its ultimate human-machine interface.

INGLO offers class-leading safety standards, exhilarating performance, excellent range and efficiency, exemplary driving dynamics, versatility and intelligent HMI. INGLO also delivers a multi-sensorial driving experience with a futuristic, augmented reality-enabledheads-up display, edge-to-edge screen, 5G network capability and Over-The-Air updates that will keep the EVs as good as new.

Dr Anish Shah, Managing Director & CEO, Mahindra Group, said, "We are proud and delighted to showcase our Born Electric vision. It provides a strategic direction that is in line with our core philosophy of 'Rise' - to be an organisation that will be counted among the best in the world and at the same time rise for our planet to fight against climate change. Mahindra will offer customers future-ready technology, head-turning design, world-class products and the benefits of global partnerships. By 2027, we expect that a quarter of the SUVs we sell will be electric."

Rajesh Jejurikar, Executive Director - Auto and Farm Sectors, Mahindra & Mahindra, said, "Our vision of Born Electric is underpinned by the future-readyINGLO platform, two new exciting brands and the Heartcore design philosophy. The five electric SUVs provide a powerful glimpse of our strategic direction and hews to the Mahindra attitude of a racing spirit and the attitude of adventure. We aim to not only electrify the roads but also the hearts and minds of SUV aficionados in India and around the world."

ANNEXURE

INGLO PLATFORM CAPABILITIES

1. Endless Adaptability

INGLO offers endless adaptability, an optimised architecture that gives rise to modular and scalable design, and allows Mahindra to create electric SUVs that fit consumer desires and lifestyles. Other than the versatility of INGLO, it also offers significant reduction in underbody weight, leading to one of the lightest skateboards.

2. Hyper Efficiency

A giant leap in battery science with safe and robust LFP chemistry, Mahindra electric vehicles will follow a common battery pack design with lean modules and standardised cell- to-pack technology using two different cutting-edge cell architectures - Blade and Prismatic. Offered with options ranging from 60-80 kWhr battery capacity, protected for an incredible 175 kW fast-charge and charging up to 80% in less than 30 minutes. The intelligent and efficient Battery Management System with high precision, enhanced robustness and functional safety will deliver improved range, longevity and safety. Its high number of charge-discharge cycles coupled with a long lifespan will also help reduce waste.

3. Exhilarating Performance

A compact all-in-one electric engine with motor-inverter-transmission integrated into a single unit forms the powertrain, offered with both rear-wheel and all-wheel drive, developing a remarkable 170-210 kW and a whopping 250-290 kW respectively. Standstill to 100 kmph is promised in between 5 and 6 seconds.

4. Optimised Range

The exceptional performance is matched with an efficient powertrain and high-voltage systems. The powertrain is optimised to offer class-leading range, with the added advantage of an intelligent electronic brake system that offers best-in-class recuperation potential. Enhanced aerodynamics, reduced rolling resistance with 5.5 RRC tires and sophisticated zero-drag wheel bearings, high-efficiency cooling & HVAC system with minimal power consumption and best-in-class low voltage power consumption contribute to the overall efficiency.

5. Ultimate Vehicle Dynamics

A best-in-classsemi-active suspension system provides not only excellent ride comfort but also enhanced handling and an immersive sporty drive experience. The dual-pinion high- power steering system ensures feather-light steering efforts, excellent returnability and precise control. The brake-by-wire technology is completely decoupled from the hydraulic system; this allows multiple brake modes for pedal feel and recuperation. Those behind the wheel will enjoy the Intelligent Drive Modes that govern various aspects including modulation of powertrain response, suspension response, brake feel, electronic stability control intervention and many more features at the touch of a button. The aim is to make the SUV and the driver to be one.

6. Class-leading Safety

Being a leader in vehicle safety, the new Mahindra electric SUVs are designed to meet the highest vehicle safety norms and utmost safety for batteries such as GNCAP and not just limited to regulatory compliance. All the e-SUVs will come with a structural cage around the passenger cabin specially designed for reduced passenger injury. The frontal design of the Body-In-White is enhanced with three load paths and a multi-piece dash panel with reinforcement and very importantly-excellent battery protection is ensured by ultra-high strength boron steel. The new e-SUVs are tested at the world's largest battery development and testing centre. With 5 Radars-1 Vision ADAS architecture, INGLO is futureproofed up to L2+ autonomy

7. Versatile Spaces

Slim cockpits and a flat floor create generous and flexible interiors, giving control of seat configurability and space versatility such as frunk and trunk storage. With Vehicle To Load (V2L) functionality, the car can be turned into a portable power bank, allowing you to charge your phone or laptop, or take any household appliance on the road with you.

8. HMI: Next-levelBrain-power

INGLO boasts a complex neural network of built-in intelligence that performs millions of reactions and decisions per second. Leapfrogging to a centralised computation structure with three high performance computers, provides for an integrated computational platform to deploy right down to micro. INGLO leverages the cloud seamlessly by implementing an embedded 5G network capability and keeps vehicles as good as new through Over The Air updates (SOTA + FOTA). Latest systems of chips from global semiconductor vendors contribute to move to up-to-date tech nodes of semiconductor wafer processes: 200K DMIPS computing power via Dual Octa-core processor and offering 1920 x 720 pixels HD resolution. Aided by strong software partners to deliver world-class product features.