Investor Presentation August 2023

NON-MOTORCYCLE BUSINESS Provide frictionless experience for RE Riders In Store Opportunity Accessories Apparel ONE RIDE Non Motorcycle Business - 4X Revenue growth over the last six years in non motorcycle segment Explore new revenue pool from adjacencies In Use Opportunity 12.5% 11.9% 10.6% 9.0% 8.2% 7.0% Spares ✓ ✓ Assistance Roadside * Annual Maintenance Contract RE INVESTOR PRESENTATION August 2023 15.4% 14.1% 370 579 841 Extended FY16 FY17 FY18 1,104 FY19 1,206 1,091 1,587 2,041 FY20 FY21 FY22 FY23 Warranty Revenue from Non-Motorcycle business (Rs Crs) -% of Total Revenue 28

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