Investor Presentation August 2023

CONSISTENT FINANCIAL PERFORMANCE DESPITE HEADWINDS Total CV# Volumes and Market Share (in nos and %) Total Revenue Total revenue from operations (net of excise duty) 17.5% 16.6% 17.1% 14.9% 13.3% 13.1% 12.8% 58,604 FY17 65,932 72,969 48,721 FY18 FY19 FY20 Volumes 41,267 FY21 Market Share 57,077 79,623 8,553 10,049 FY22 FY23 FY17 FY18 11,600 FY19 8,524 8,676 12,724 18,952 FY20 FY21 FY22 FY23 EBITDA^ and Margins 9.1% 8.5% 8.1% 4.9% 6.8% 5.6% 7.5% 691 919 988 415 FY17 FY18 FY19 FY20 592 FY21 716 1,387 FY22 FY23 Profit After Tax 348 472 475 58 57 108 572 FY 17 FY18 FY19 FY20 FY21 FY22 FY23 CV# - Commercial Vehicles (Domesic sales) EBIDTA - Margin EBITDA - Earning Before Interest, Tax, Depreciation and Amortisation *For the purpose of EBITDA computation, only interest income (part of other income) has been excluded from Total Income The figures in % indicate EBITDA Margins EBITDA Margin = EBITDA/Total revenue from operations (net of excise duty) *FY20, FY21 and FY22 volumes were impacted due to COVID 19 pandemic and supply chain constraints VE COMMERCIAL VEHICLES A VOLVO GROUP AND EICHER MOTORS JOINT VENTURE INVESTOR PRESENTATION August 2023 VOLVO EICHER All figures are in INR Crs unless specified 63

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