Investor Presentation August 2023

Joint Venture since 2008: Merging the best of VISION AND VALUES To be recognised as the industry leader driving modernization in commercial transportation in India and the developing world. both worlds Respect Fair and Ethical Excellence Customer Centric VECV's Governance is based on consensus approach and 50:50 shared control. Passion VOLVO ■ Global expertise Leadership in product technology ■ Well defined processes and controls ■ Brand image ■ EICHER Leadership in Light & Medium Duty segments Frugal engineering & operations After sales infrastructure ■ Cost effective operations INVESTOR PRESENTATION August 2023 VOLVO VE COMMERCIAL VEHICLES A VOLVO GROUP AND EICHER MOTORS JOINT VENTURE EICHER 55

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