Investor Presentation August 2023

0 Q1 FY 24 .. Strongest ever first quarter deliveries across segments Highest ever first quarter sales of 19,571 units exceeding previous record of 17,469 units in Q1-FY'23 HD Trucks (combined Volvo and Eicher) - Highest ever first quarter sales of 5,166 units (FY23 Q1 – 4,006 units) and market share of 9.4% LMD Trucks - Highest ever first quarter sales of 8,308 units (FY23 Q1 - 7,515 units) and market share of 36.9% Bus Division - Highest ever sales of 4,907 units in first quarter (FY16 Q1 - 4219 units) Highest ever quarterly parts business (combined both Eicher and Volvo) of 478 Cr registering more than 25% growth over Q1 FY23. • Highest ever Q1 turnover of 424 Cr by EEC, registering more than 18.5% growth over Q1 FY22. • Highest ever Q1 sales of 14816 units by VE Powertrain, registering more than 21% growth over Q1 FY23. INVESTOR PRESENTATION August 2023 VOLVO VE COMMERCIAL VEHICLES A VOLVO GROUP AND EICHER MOTORS JOINT VENTURE EICHER EICHER SICHER 56

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