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16_Provisions

16 Provisions

( In Crore)

Particulars

Non-current

Current

As at 31 March

As at 31 March

2022

2021

2022

2021

Provision for employee benefits [See note 38]

Provision for compensated absences

127.56

129.66

Provision for welfare scheme

1.30

1.98

0.56

0.67

1.30

1.98

128.12

130.33

Other provisions

Provision for warranties

25.63

22.04

1.30

1.98

153.75

152.37

Provision for warranties

Provision is made for estimated warranty claims in respect of vehicles sold which are still under warranty at the end of the reporting period. These claims are expected to be settled in the next financial year. Management estimates the provision based on historical warranty claim information; and any recent trends that may suggest future claims could differ from historical amounts.

( In Crore)

As at 31 March

Particulars

2022

2021

At the beginning of the year

22.04

22.64

Arising during the year

24.41

18.03

Utilised during the year

20.82

18.63

At the end of the year

25.63

22.04