Investor Presentation August 2023

GROUP STRUCTURE - EICHER MOTORS LTD. Domestic Promoter Group 49.17% Foreign Institutional Institutional Investors 30.27% Investors 10.13% Others 10.43% 0% 10% 20% 30% 40% 50% 60% 70% 80% Joint Venture with Volvo Group Eicher Motors Limited (EML) Business Unit 90% 100% 45.6 54.4 VE Commercial Vehicles Ltd (VECV) RENA (Royal Enfield North America Ltd) ↓ Royal Enfield Canada Ltd ROYAL ENFIELD Royal Enfield (RE) Royal Enfield (Thailand) Ltd Royal Enfield UK Ltd RE Brazil (Royal Enfield Brasil Comercio de Motocicletas Ltda) Shareholding pattern as of 30th June 2023 RE INVESTOR PRESENTATION August 2023

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