MAHINDRA & MAHINDRA OCTOBER TRACTOR SALES: DOMESTIC SALES DOWN 13%; EXPORTS UP 40%

• Domestic Tractor Sales: Down 13% YoY to 62,626 units from 72,071 units • Total Tractor Sales: Down 12% YoY to 64,846 units from 73,660 units • Tractor Exports: Surged 40% YoY to 2,220 units from 1,589 units • Festive Impact: Management attributed lower domestic sales primarily to the festive calendar shift, with Diwali moving to November this year from October last year • YTD Domestic Sales: Up 2% YoY to 3,25,498 units • YTD Exports: Up 19% YoY to 13,416 units • YTD Total Sales: Increased 2% YoY to 3,38,914 units • Management Commentary: October volume decline reflects festive timing differences, while export markets continued to deliver strong growth

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