Murugappa Group Financial Overview

Business Overview ■ Industry ■ Growth in 2W Scooters by 10%, but decline in motor cycles by 3% in YTD Dec '15 ■ Passenger car industry grew by 7% YTD Dec. '15 compared to same period last year and Commercial vehicle industry grown by 10% ■ Slow to moderate growth in Europe & US Railways: ICF increased the production of Stainless steel coaches ■ Business Drivers ■ Factories located closer to customer locations ■ Strong "DIAMOND" brand High quality products - Customer end rejections well below the customer targets ■ Leveraging Acquisitions - SEDIS Synergies ☐ ■ Increasing Portfolio for Fine Blanking ☐ ■ Expand applications for Industrial Segment 73% 13 Cr. Business Mix 7% 20% Capital Expenditure YTD Dec '15 murugappȧ ■ Railways ■ Non-Auto ■ Auto *26 Cr. 2014-15 30

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