Mahindra and EESL Partnership a Significant Step Toward Helping

India Achieve its Paris Climate Goals

LED replacement programme undertaken for lighting across 18 Mahindra manufacturing

facilities

Mumbai, October 23, 2017: India has made ambitious commitments in the Paris Climate Accord

and organizations such as Mahindra & Mahindra Ltd. (M&M Ltd.) and Energy Efficiency Services

Limited (EESL) are putting their best foot forward to ensure that those goals are met. EESL and

M&M Ltd., part of the USD 19 billion Mahindra Group, today announced that they have

collaborated for an LED replacement programme with energy efficient (EE) alternatives across

Mahindra’s 18 manufacturing facilities in India. This collaboration is EESL’s first private sector

engagement to promote energy efficient appliances in a working space and is aimed at

encouraging the private sector to adopt EE appliances.

The installation of LED lighting will save 20 million units of electricity per annum. Mahindra has

made an investment of Rs. 16 crore in this project. Technical assistance, cost efficient

procurement and project management services for this initiative across all Mahindra facilities

has been provided by EESL.

In addition, energy audits are being undertaken in 6 manufacturing facilities of Mahindra to

explore further energy saving opportunities including waste heat recovery, energy efficient

motors and heating, ventilating & air-conditioning (HVAC) systems, etc. EESL will also help

Mahindra in the training and capability building of its employees to use the new energy

efficient equipment and adopt efficient practices to conserve energy. Under the aegis of this

programme EESL will enable Mahindra to manage its energy needs efficiently and affordably.

Speaking about this initiative, Mr Saurabh Kumar, MD, EESL, said, “This partnership marks a

very significant step toward promoting an energy efficient lifestyle among corporates and large

facilities in India. We are very happy that Mahindra & Mahindra has undertaken this initiative

and has set an example for the industry. We look forward to more such collaborations so that

they adopt EE appliances that will help them in reducing operational costs through energy

savings. The Government of India has revolutionised the energy efficiency market in India and

changed the perception of using EE appliances among citizens through UJALA.”

Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Ltd, said, “We are delighted to

partner EESL in making our manufacturing facilities energy efficient. At Mahindra, we view

sustainability as a vital business strategy thereby helping our stakeholders to Rise. As a

responsible organization not only has we adopted energy efficient solutions in our

manufacturing facilities but have also encouraged our suppliers, dealer partners and employees

to do so, to reduce carbon emissions for a cleaner, smarter and greener tomorrow”.

Mahindra became the first company in the world to commit to doubling energy productivity by

2030. It has also committed to invest $10 per ton of carbon emitted in technologies to reduce

its carbon footprint. The partnership with EESL will go a long way in fulfilling these

commitments.

During World Environment Month this year in June 2017, Mahindra launched the UJALA

Scheme, in collaboration with EESL, to take energy efficiency to the homes of its employees

across India.

Under the special UJALA Scheme the employees could buy energy efficient tube lights, bulbs

and fans at a competitive offer price. The UJALA Scheme received an overwhelming response

from more than 20,000 employees. A similarly positive response has been received from

hundreds of Mahindra’s suppliers and dealers.

EESL through its buildings energy efficiency programme can assist government and other public

and private stakeholders to overcome technical barriers to adopt energy efficiency. The process

starts with EESL undertaking walk-through energy audits of a building complex to develop

techno-commercially feasible energy efficiency measures (EEMs) on a lump-sum fee basis. After

the energy audits, EESL provides technical and/or financial support to the building owner for

project implementation. Many government buildings have already adopted EE appliances and

among them EESL has completed retrofitting in buildings such as PWD Maharashtra, NITI Ayog,

Nirman Bhawan, Sardar Patel Bhawan, Shastri Bhawan, J&K Assembly, Jammu Secretariat,

Vidyut Bhawan, and Rajiv Chowk Metro station, which is resulting in huge energy savings.

Mahindra’s impact on sustainability goes beyond energy efficiency. It is a water positive

corporation harnessing more than 12 times the water consumed by the entire Mahindra Group

through its micro-irrigation business and watershed development programs. Only 12% of the

waste it generates goes to landfills and it aims to become a zero waste to landfill organization.

Mahindra’s Igatpuri plant is already India’s first and the world’s second site to be certified zero

waste to landfill. Mahindra’s investments in green businesses like electric cars and micro-

irrigation are helping take sustainability beyond the boundaries of its physical locations.

With India aggressively adopting energy efficiency to achieve the INDC goals, it has become

increasingly important that corporates become part of the government’s energy efficient vision.

EESL’s energy efficiency programmes such as Unnat Jeevan by Affordable LED and Appliances

for All (UJALA), Street Light National Programme (SLNP), Municipal Energy Efficient Pump sets

(MEEP) and Buildings Energy Efficiency programme are all relevant for corporates like

Mahindra. EESL’s work in reducing the nation’s carbon footprint extends to electric vehicles and

Mahindra is one of the companies from whom EESL will be procuring electric vehicles as a part

of its e-vehicles programme.

By conceptualising and embracing these programmes, the partnership of EESL and Mahindra is

taking strong steps towards the vision of creating a low carbon economy in India.

About EESL

Energy Efficiency Services Limited (EESL), under the administration of Ministry of Power,

Government of India, is working towards mainstreaming energy efficiency and is implementing

the world’s largest energy efficiency portfolio in the country. By 2020, EESL seeks to be a $1.5

billion-dollar (Rs 10,000 crore) company putting together all the programmes of EESL. Thus far,

EESL has distributed over 27 crore LED bulbs and retrofitted 36.54 lakh smart LED streetlights

across India through self-sustaining commercial models. It has pioneered innovative business

approaches to successfully roll-out large-scale programs that allow for incentive alignment

across the value chain and rapidly drive transformative impact. EESL aims to leverage this

implementation experience and exploit new opportunities in overseas market for diversification

of its portfolio. As on date, EESL has begun its operations in UK, South Asia and South-East Asia.

About Mahindra

The Mahindra Group is a USD 19 billion federation of companies that enables people to rise

through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing

new businesses and fostering communities. It has a leadership position in utility vehicles,

information technology, financial services and vacation ownership in India and is the world’s

largest tractor company, by volume. It also enjoys a strong presence in agribusiness,

components, commercial vehicles, consulting services, energy, industrial equipment, logistics,

real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra

employs over 200,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Media contact information:

Energy Efficiency Services Limited

Mr. Bhawanjeet Singh

Chief General Manager (Public Relations)

Energy Efficiency Services Limited

Ph: 0120 490 8000

Email: bsingh1@eesl.co.in

Mahindra & Mahindra Ltd.

Mohan Nair

Vice President (Communications)

Mahindra & Mahindra Ltd.

Office Direct Line – + 91 22 28468510

Office Email Address – nair.mohan@mahindra.com