Investor Presentaiton

Global Mid-size Market is underserved and is a huge opportunity 1.25 International Mid Size Market 1.00 Americas Market Share^/ APAC Market Share EMEA Market Share 0.75 8% 0.50 0.25 100,000 0.00 0.70 0.71 0.82 1.10 2019-20 2020-21 2021-22 2022-23 International Mid Size Market (volume in million) 75,000 9% 50,000 4x Volume Growth 25,000 Million+ Opportunity* RE INVESTOR PRESENTATION May 2023 9% 0 20,825 38,622 35,675 74,238 89,226 FY19 FY20 FY21 FY22 FY23 Royal Enfield's International Volumes *Management estimate of the total middleweight motorcycle volumes in the priority markets for Royal Enfield. ^Reflects Royal Enfield's market share in the middleweight segment 22 22

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