• Consolidated PAT growth: Consolidated group profit after tax increased by 42%, with positive performance across Auto, Farm, Mahindra Finance, and Tech Mahindra despite supply-chain disruptions from LPG gas and manpower shortages.
• Supply chain resilience: Following supply chain risk assessments, M&M identified 82 high-risk imported parts across Tier 2 and Tier 3 suppliers and implemented targeted strategies for localization, alternate sourcing, and buffer inventory.
• Farm segment outlook: Off a high base where the industry grew 23% and M&M grew 24%, the farm equipment industry is projected to grow in the mid-single digits, cushioned against potential El Niño impacts by above-normal reservoir levels and improved irrigation.
• SUV volume guidance: Management expects mid-to-high teens growth for its SUV portfolio, supported by strong demand across the 7XO, Scorpio, 3XO, Roxx, and refreshed Bolero models, contingent on supply chain stability and capacity ramp-ups.