Update on the Indian Market Situation and Outlook of Suzuki

(GDP) India GDP, Economic Growth Rate and Population Real Gross Domestic Product Economic Growth Rate (US $1 billion) 7000 (%) 12 10 6000 8 5000 6 4 4000 2 3000 2000 1000 1980 1984 1988 1992 1996 2000 2004 2008 2012 2016 India Japan 2020 2024 2028 -2 -4 -6 -8 1980 1983 1986 1989 0 ML 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 2022 2025 real economic growth rate 2028 0 2 4 00 6 8 10 10 12 14 All sources are IMF. The dashed line in the graph (FY 2023 to FY 2028) is the IMF forecast. Suzuki Motor Corporation, 2023. All rights reserved. 1980 1983 1986 1989 1992 1995 1998 India 2001 2004 2007 -China (Billions) 16 2010 2013 2016 2019 2022 2025 2028 7/37 Population SUZUKI

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