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Investor Presentaiton

WHY CMA IS PROPOSED TO BE TERMINATED ☐ Despite the CMA having achieved all the projected objectives and working smoothly, it is proposed to terminate it so as facilitate the reorganization and restructuring of MSIL, required in the context of the changed environment and perceived challenges of the future. ■ With the challenges of the last 4 years behind us, MSIL is projecting a requirement of 4 million production capacity by 2030-31. This requires adding 2 million additional capacity in the next 7 years. Work has already started at Kharkhoda in Haryana where the first line of 250,000 units is expected to go into production in early 2025 and 1 million capacity reached in 2028. A second site for 1 million units is under selection and work will start in 2024. It should be noted that it took ~40 years for MSIL to reach a scale of ~2 million units and now it is looking to add another 2 million units in just 7-8 years. ■ There will thus be 5 production sites (Gurgaon, Manesar, Kharkhoda, Gujarat & new location.) ■ Of this volume of 4 million, over 3 million units are planned to be sold in domestic market including sale to other OEM and 750,000-800,000 units are expected to be exported. The domestic market is expected to grow at ~6% CAGR and is expected be around 6 million units by FY 2030-31. The Company is expected to grow faster than the Industry. 8
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