Making India the global EV hub

India has the potential to be the EV export hub for the world

Scale World Class Products Focused Policies

• Largest 2W & 3W market • Indian OEMS winning against • FAME – INR 10000 Cr outlay 1
• 3rd largest PV market in the world the best in the world in India 2
• PLI – INR 75k Cr commitment
• XUV700 & Scorpio N gaining
share across the world • EV sales flattening in countries where
policies are withdrawn before scale

Source
1 & 2 Press Information Bureau
 Challenges in the EV space today

EV Penetration
1
2% 16.4%
in India 4W Penetration 3W Penetration

Key Challenges

▪ ICE converted EVs today with about 20-30% higher upfront cost

▪ Range anxiety and low availability of fast charging infrastructure

▪ Concerns around clarity and credibility of information

Source: 1 SIAM
 Opportunities over next 5 years

OEMS CPOs & Oil Companies Government

• Grounds up disruptive products Development of charging ecosystem • Consistent focus on BEV policies
till scale
1
• 10-14 born EVs by 2026 • 135 EVs per charger at present 3
• Higher affordability, cost of battery
• INR 75k Cr commitment vs INR • Niti Aayog Target 8 EVs per charger expected to reduce with scale
42.5k Cr estimate for PLI 2
• 12k public chargers today 4 • Policies to support charging
• Real world usage from 250 to ecosystem
450+Km • Oil companies – INR 800Cr subsidy for
10000 chargers 5
• Seamless and immersive
customer experience

Source
1 Media Reports (Autocar India, Economic Times), HIS
2 Press Information Bureau
3 Media (The Hindu Businessline)
4 Ministry of Heavy Industries
5 Media (Economic Times), Press Information Bureau
 Segment with fastest electrification: Last Mile Mobility

1
Last Mile Mobility Industry Electrification Electrification Drivers

• Positive consumer economics – Favourable TCO for e3W

FY 22 FY 24 FY 27 • Major e-commerce logistics players plan to decarbonize

supply chain for meeting emission targets
3W Passenger

1.9 Bn $ Demand drivers:

3% 11% 35%

Passenger
3W Cargo  Higher ride-share / ride-hailing services
9% 14% 35% 0.8 Bn $  Better infrastructure (roads and public transport)
Goods
2
 e-commerce to grow 2x from 2021 to 2025

Source
1 Electrification data - Bain & Co, Mckinsey
2 Euromonitor
M&M EV Story
M&M – Leaders in the Indian EV last mile mobility space

#1
3W EV player in India

60%
Market share in EVs –
FY 24 (Apr-Dec’23)

140K+
Electric Vehicles
on road
M&M ready to disrupt global passenger EV market starting 2024
Logo Reveal video
MASTER BRAND

Internal Combustion Engine Born Electric Vehicle

CATEGORY BRAND

PLATFORM BRAND

LEAD PRODUCT BRAND

Le Chalaang Video (Hindi Version)
Our range of Born Electric Vehicles
 • SUV Modular Platform Architecture
INGLO • Performance, Range
• Safety
Born Electric Platform • Dynamics
• High Compute Power
• Intuitive HMI
How is M&M
INGLO approaching
– Modular the space & the opportunity & challenges?
SUV Platform

XUV.e8 XUV.e9 BE 05 / Rall-e

Common

Common
HVAC, cooling
Cowl
point
• Lightest 7-seater skateboard
Common Common
CCB Rear Powertrain,
OC-DC
• World-class crash performance
Common
Front Powertrain
Common Battery • Best-in-class BIW Stiffness
Ball of foot

• Optimized wheelbase
• Battery size
Common Common • Vehicle dynamics
Common Common
front suspension
and steering
rear suspension • Best-in-class TCD
(TCD – 10.2 m)
826 to 913 mm 2762 to 2775 mm 767 to 1060 mm • Rear Wheel Drive, All Wheel Drive
Front Overhang Rear Overhang
Wheelbase (13 mm bandwidth)
(87 mm bandwidth) (293 mm bandwidth)
 How is M&M
INGLO – Highapproaching
Performancethe spacePowertrain
Electric & the opportunity & challenges?

Front Powertrain Rear Powertrain Rear Powertrain

80 kW, 135 Nm 210 kW, 535 Nm 170 kW, 380 Nm
(Production part – VW) (100 % tooled-up – VW) (100 % tooled-up – VALEO)

• Compact 3-in-1 Powertrain

• 100 % tooled-up, functional tests underway
• Performance calibration in progress
 How
TechisFeatures
M&M approaching the space & the opportunity & challenges?

Seamless Edge to Edge Display Immersive Surround Sound Connectivity

16 speakers

• 3 x 12.3” screens
• DOLBY ATMOS
• High resolution display – 1920 x 720
• Audio Levelizer V2X, 5G
• LOCA Bonding
• Virtual Venues
• Oleo-phobic
• VESS
• Vehicle Noise Cancellation
Sonic Identity & Brand Anthem for BEVs by AR Rahman
How is M&M
Testing approaching
& Validation underthe
all space & the India
conditions, opportunity & challenges?
& globally
How
Stateisof
M&M approaching
the art dedicated the space & thefacility
manufacturing opportunity & challenges?
at Chakan

Dedicated Assembly Line 95% Automation, 40+ Robots

State of the art battery assembly line

How is M&M approaching the space & the opportunity & challenges?

Coming in December 2024

and it’s just the beginning….
Questions?