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Mahindra & Mahindra: Hero Electric And Mahindra & Mahindra Announce Strategic Partnership In Electric Mobility

The Company and Hero Electric Vehicle Private Limited (Hero Electric) announced a Strategic Partnership in Electric Mobility which envisages the following arrangement between the two Companies: ? Contract Manufacturing by the Company at its Pithampur plant for Hero Electrics most popular electric bikes - Optima & NYX ? Utilising the Companys supply chain to help Hero Electric reach newer centres in the country ? Joint Product Development and Knowledge Sharing ? Electrification of Peugeot Motocycles portfolio through platform sharing The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 are given in Annexure A to this letter. Please also find enclosed a Press Release being issued in this regard. You are requested to kindly note the same.

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