Enter a Better Life Financial Performance

Chola Enter a better life Auto Industry Outlook Trend in Domestic LCV Sales Trend in Domestic SCV Sales Chola 4 year (in Units) CAGR 2% Chola 4 year CAGR 16% Chola YoY growth rate 9% Industry 4 year CAGR 17% 75254 77852 Q2 FY21 Q2 FY22 183522 murugappa Chola YoY growth rate -2% (in Units) 65744 Industry 4 year CAGR 7% Industry YoY growth rate -8% CAGR @ 5% 51512 47299 44065 Industry YoY growth rate 7% CAGR @ 10% 113953 121907 38446 Q2 FY23 Q2 FY24 Q2 FY'28 (E) B Q2 FY21 Q2 FY22 Q2 FY23 Q2 FY24 Q2 FY'28 (E) Replacement demand, last-mile transport requirements and positive macroeconomic environment. Stronger demand from consumption driven sectors and E-commerce based companies. • Demand for Pickups to increase in the long term due to higher flexibility in usage over sub one tonne vehicles. • Bus Sales to be supported by growing urban population, demand from schools/ corporates and increased inter-city travel. Source: FY21 to FY28 numbers are from SIAM & CRISIL 36

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