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Investor Presentaiton

INVESTOR PRESENTATION May 2023 LMD TRucks Market Share % STRENGTHENED MARKET SHARE IN ALL SEGMENTS DRIVEN BY MODERNISATION 2008-09 2010-11 2013-14 70.0 60.0 59.9 #2 #2 60.0 48.9 53.9 50.0 51.0 44.4 50.0 45.2 46.9 45.3 57.4 42.8 49.5 37.2 37.0 37.6 47.5 40.0 34.1 40.0 32.0 30.8 30.6 30.2 31.5 30.0 30.2 25.5 23.0 30.0 23.7 24.1 23.5 30.6 29.8 31.3 29.4 20.0 25.4 14.6 18.5 25.9 20.0 19.9 21.6 7.7 10.0 2,5 3.2 16.6 14.7 16.8 15.6 19.0 10.0 13.6 14.1 0.0 7.2 5.3 0.0 HD Trucks Market Share % 80.0 70.2 70.0 65.3 59.9 51.2 60.0 53.3 52.3 49.4 50.0 53.5 40.0 33.5 33.3 28.4 24.7 30.0 26.8 25.0 33.8 20.0 30.2 28.8 8.3 10.0 0.0 2008-09 E 4.6 2.1 2.8 4.9 5.9 7.9 7.3 2010-11 2013-14 2018-19 2019-20 2020-21 2021-22 2022-23 VOLVO 2008-09 2010-11 2013-14 Buses Market Share % VECV Tata Motors Ashok Leyland #3 VE COMMERCIAL VEHICLES A VOLVO GROUP AND EICHER MOTORS JOINT VENTURE EICHER 68
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