Investor Presentation August 2023

Global Mid-size Market is underserved and is a huge opportunity Americas Market Share^/ APAC Market Share EMEA Market Share 8% 9% 9% 100,000 75,000 TMillion+ Opportunity* 4.5x Volume Growth 50,000 ERE INVESTOR PRESENTATION August 2023 25,000 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 in the countries present as of FY23 22

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