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w w w. s p a r k m i n d a . c o m INVESTOR PRESENTATION Q2 and H1 FY2026 Minda Corporation
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Page 2 Minda at a Glance A significant player in the global automotive industry for over six decades *Revenue includes Associates and JVs Engineering Focused Industry Partnerships “Customer First” is unified belief at Spark Minda Well Placed Marketing Professionals, Product Managers, Project Managers and Business Operations team Strategically Located Plants & Offices in India, ASEAN, Japan & Europe 900+ Engineering Headcount 315+ Patents 4% R&D Spend 2 Advanced Tech Centre 7 Engineering Centers ₹ 7,472 Cr FY25 Group Revenue* ₹ 5,056 Cr FY25 Consol Revenue 32 Manufacturing Plants 18,000+ Workforce Business Verticals Customer Centric Electrical Distribution System EV System & Electronics Light Weighting & Plastics Driver Information System Vehicle access Be a Dynamic, Innovative and Profitable global automotive organization to emerge as the preferred supplier and employer and create value for all stakeholders Be a complete automotive system solutions provider and build a brand recognized by vehicle manufacturers all over the world Commitment to Stakeholders, Passion for Excellence, Open Communication, Integrity & Fairness, Nurture Talent, Competency & Willingness, Respect & Humility Vision Mission Values
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Page 3 0.28 0.24 0.30 1.27 6.26 8.36 0.32 0.26 0.36 1.33 6.93 9.20 Tractors CV 3 W PV 2 W Auto Industry Q2FY25 Q2FY26 10.9% Indian Automotive Industry Performance Production Volumes in Millions Source: SIAM and TMA 17.4% 15.6% 10.6% 14.6% 9.8% Q2 FY26 Growth (Y-o-Y) Q2 FY26 Growth (Q-o-Q) 39.3% 6.5%18.3% 4.2% 10.1% 2.6% 0.29 0.26 0.26 1.24 5.90 7.95 0.32 0.26 0.36 1.33 6.93 9.20 Tractors CV 3 W PV 2 W Auto Industry Q1FY26 Q2FY26 ➢ 2Ws witnessed healthy growth, driven by higher economic activity, improved affordability, resilient rural mobility demand, and the positive impact of GST rate reduction implemented in late September ➢ PVs witnessed stable demand with gradual recovery towards quarter end, supported by GST rate reduction, improved consumer sentiment, and festive momentum. UVs continued to dominate segment mix despite marginal softness, while exports remained healthy ➢ CVs reported healthy momentum with broad-based growth across MHCVs and LCVs, driven by strong freight demand, improved intra-city logistics, and recovery in key sectors such as steel, cement, mining, and construction. Recent GST reduction supported fleet replacement, while exports remained robust ➢ Tractors sustained good traction, supported by strong rural demand, healthy Kharif output, and improved affordability post GST cuts ➢ Auto industry enters H2 FY26 on a positive note, supported by strong festive momentum, stable macros, and GST 2.0 reforms improving affordability and sentiment. Healthy Kharif output and resilient rural demand are expected to sustain growth, while geopolitical factors remain a watchpoint
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Page 4 Q2 & H1 FY26 Business Performance Key Strategic Developments Highest ever Quarterly Revenue of Rs. 1,535 crore growth of 19.0% YoY EBITDA margin stood at 11.6% for Q2FY26, growth of 22 Bps YoY Revenue growth of 18.0% YoY despite challenging macro-economic scenario 12 New Patents filed, taking the total patents filed to 315+ Total Lifetime Order Book exceeded Rs. 3,600 Crore 06 New Patents filed during Q2FY26, taking the total Patents filed to 315+ Q2 FY2026 H1 FY2026 H1 EBITDA margin of 11.4%, growth of 23 Bps YoY Total Lifetime Order-book booked Rs. 2,000 crore with Export constituting 15% New strategic partnership with Toyodenso to offering advanced switches across all vehicle segments. Secured first sunroof order from a leading OEM for their upcoming vehicle launch
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Page 5 Business Highlights Q2FY26 EV wiring harnesses Won a strategic order for high-voltage EV wiring harnesses from one of the leading PV OEM TFT cluster Order won for TFT cluster from a leading Indian passenger vehicle OEM for their upcoming model launch Sunroof Systems Secured a first life time order for sunroof systems from leading OEMs, with a new plant coming up in Pune and SOP planned for Q1 FY27 Switches Won a significant order for switches from one of the leading OEM, with another facility scheduled to commence operations in Q4 FY27
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Page 6 Q2 & H1 FY2026 Financial Highlights Growth Momentum Continues Revenue EBITDA PAT Rs. In Crore 2,482 2,921 H1 FY25 H1 FY26 YoY 18% 278 334 11.2% 11.4% H1 FY25 H1 FY26 EBITDA EBITDA Margin (%) YoY 20% 139 150 5.6% 5.1% H1 FY25 H1 FY26 PAT PAT Margin (%) YoY 8% 1,290 1,386 1,535 Q2 FY25 Q1 FY26 Q2 FY26 YoY 19% 147 156 178 11.4% 11.3% 11.6% Q2 FY25 Q1 FY26 Q2 FY26 EBITDA EBITDA Margin (%) YoY 21% 74 65 85 5.8% 4.7% 5.5% Q2 FY25 Q1 FY26 Q2 FY26 PAT PAT Margin (%) YoY 14% Q2 FY26H1 FY26 11% 14% 30%
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Page 7 Business Vertical Performance Q2 and H1 FY2026 Rs. In Crore Mechatronics and Aftermarket: • Strong demand in domestic 2W segment • Subdued Export demanded in the European market • Slowdown in ASEAN Market Information & Connected Systems • Strong demand in domestic 2W & CV segment and premiumisation of existing products contributed to the growth • Revenue growth was driven by strong demand in the wiring harness and instrument cluster businesses. Mechatronics, Aftermarket and Others Information & Connected Systems 639 650 712 Q2 FY25 Q1 FY26 Q2 FY26 651 736 823 Q2 FY25 Q1 FY26 Q2 FY26 1,213 1,362 H1 FY25 H1 FY26 12 % 12%YoYYoY 26 % YoY 23% YoY 1,269 1,559 H1 FY25 H1 FY26 10% 11%
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Page 8 WH 29% Vehicle Access 23% Die Casting 15% Clusters 16% Others 17% WH 30% Vehicle Access 22% Die Casting 16% Clusters 17% Others 15% India 88% Europe & North America SE Asia 5% India 89% Europe & North America SE Asia 5% 6% Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 By Products By Geography By End Market Q2FY25 Q2FY26 47% 45% 26% 29% 12% 11% 15% 15% 2-3 Wheelers Passenger Vehicles Commercial Vehicles* After Market Revenue Break-Up Q2 FY2026 7% Note:- *Includes off highway and tractors
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Page 9 Strategic Partnership with FLASH ELECTRONICS Flash Financial Performance (Q2 & H1 FY26) Electrical & Electronics Powertrain Components Business Verticals Key Customers Audi, Bajaj, BMW, BRP Rotax, Ducati, Harley-Davidson, Kawasaki, KTM, Mahindra, Moto-Morini, Piaggio, Porsche, Proton, Royal-Enfield, Suzuki, Tata, Triumph, Volkswagen, Webasto, Yamaha Manufacturing Facilities 6 Manufacturing facilities in India + 2 Manufacturing facilities in Germany and Hungary 150+ Engineering Headcount 2,500+ Workforce EV Revenue 23% Free Cash Flow Rs. 37 Cr Revenue Rs. 1,537 Cr EBITDA Rs. 223 Cr EBITDA(%) 14.5% Financial & Other Highlight (FY25) Product Portfolio INR 446 Crore Q2 FY26 H1 FY26 Revenue from Operations INR 822 Crore EBITDA & Margin PAT & Margin INR 72 Crore 16.1% INR 131 Crore 15.9% INR 30 Crore 6.8% INR 52 Crore 6.3%
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Page 10 Consolidated Leverage Position H1 FY2026 Instrument Rating India Ratings & Research Term Loan IND AA / Stable Working capital limits (Fund-based and Non-fund-based) IND AA / Stable / IND A1+ CRISIL Long Term CRISIL AA-/Positive Short Term CRISIL A1+ *Long Term Borrowings includes Current Maturities #Exclude Investment & share of profit JV/Associates, ^Net Debt / EBITDA includes 49% of Flash EBITDA Particulars (Rs. Crore) Mar 31st, 2024 Mar 31st , 2025 Sep 30th , 2025 Net Worth 1,981 2,202 2,440 Long Term Borrowings* 203 528 581 Short Term Borrowings 145 816 702 Gross Debt 348 1,344 1,284 Less: Cash & Cash Equivalents 192 97 118 Net Debt 156 1,247 1,165 Capital Employed 1,789 1,975 2,097 ROCE# 20.0% 19.2% 21.5% Net Debt / Net Worth 0.1x 0.6x 0.5x Net Debt / EBITDA 0.3x 1.8x^ 1.5x^
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New Product Launch New Market Export Focus Investment in existing Business Investment in R&D Premiumization of Existing Products Strategic Priorities to Deliver Strong Growth
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Page 12 Continuously expanding manufacturing capabilities with a capital expenditure of Rs. 220 crore in H1 FY26. Planned capital expenditure of approximately Rs. 2,000 crore over the next 5 years Setting up two new greenfield facilities in Die Casting and one greenfield facility for Instrument Clusters Land acquired to support future expansion and strengthen regional footprint Diecasting Pune - 5th Plant Minda Instrument Cluster Plant Pune Diecasting Gr. Noida – 4th Plant We continue to focus and invest in capabilities to attain leadership position in Adjacent Businesses
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Page 13 Establishing New facilities Wiring Harness Component Division Diecasting Gr. Noida – 4th PlantDiecasting Pune - 5th Plant Minda Instrument Cluster PlantPune Minda Toyodenso SMAD Bawal (Brownfield)
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Investment in existing Business Strategic Priorities to Deliver Strong Growth New Product Launch New Market Export Focus Investment in R&D Premiumization of Existing Products
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Page 15 New Product Launch Driving Growth: Entry into New-Age Product Categories Automotive Sunroof Power Tail Gate Plastic HV- Connector Charging Interface Battery PackBusbar Handle Related Panel Related Front Panel Related Steering Related Touring Class Scooter For SXS Audio System Combination Steering Single Function Sunroof and PLG Switches EV Products • Secured a first order for sunroof from a leading OEM • New manufacturing facility coming up in Pune; SOP planned in Q1 FY27 • Secured a significant order from a leading 2-wheeler OEM • New manufacturing facility expected to commence operations in H2 FY27 • Technological agreement with SANCO China • Focus on the localization • Won multiple orders from various customers • SOP Started for ECU Connectors
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Strategic Priorities to Deliver Strong Growth New Market Export Focus Investment in existing Business New Product Launch Investment in R&D Premiumization of Existing Products New Market Export Focus
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Page 17 FY21 Rs. 220 Cr FY30 Rs. 1,500 Cr FY25 Rs. 420 Cr CAGR 18% CAGR 29% 9%8% Shifting global trade and a cost advantage position India's auto component industry for healthy export growth. Sources - ACMA | McKinsey Report Accelerating Export Growth to Capture Global Markets ➢ Exports grew 16% YoY in Q2 FY26, driven by increasing traction across international markets ➢ Strengthening engagement with key OEMs and global partners led to multiple new export orders ➢ Continued focus on expanding geographic reach and deepening customer relationships to drive export growth
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Premiumization of Existing Products Investment in existing Business Strategic Priorities to Deliver Strong Growth New Product Launch New Market Export Focus Investment in R&D
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Page 19 Business Segments Transforming Current Business Lines as per Technology Trends Clusters, ADAS & Sensors Vehicle Access Wiring Harness & Connectors Die Casting & Interior Plastic EV Power Electronics Intelligent & Smart Smart PEPS Flush Door System PLG Systems Cyber Security & E/E Architecture Electrical Distribution Systems PDU & BDU EV HV Wiring Harness Smart Junction Box EV HV Connection System Connected & Safe Mobility Large Size TFT & Conn. Clusters Telematics Sensors for safety, ADAS and EVs ADAS Systems Light Weight & Sustainable Cylinder Head Cover Centre Console Engine Mounting Bracket Battery Tray EV Drive Train Solutions Off Board Charger X in 1 Onboard Chargers EVSC/ ICCPD
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Investment in R&D Strategic Priorities to Deliver Strong Growth Investment in existing Business New Product Launch New Market Export Focus Premiumization of Existing Products
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Page 21 R&D Process • Transforming from mechatronics to advance technology provider • Focused towards innovating new technology and developing advance automotive products • State of art technology center in India • Best In class testing facilities including EMC/EMC, HIL/SIL, SMT facility and unique design studio R&D Expenditure (% of Revenue) 2 Advanced Engineering Centre 7 Engineering Centre 315+ Patents Filed 900+ Engineer Headcount WH Design, E&E Architecture & Digital Cluster Power Electronics & Vehicle Access Solutions 1.3% 1.4% 3.1% 4.3% Engineering Capabilities Electronics Hardware Mechatronics Engineering Embedded Software Testing, HIL, SIL, EMI/EMC, CAE Innovation & Engineering for New Age Solutions
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CSR and ESG
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Page 23 ESG Transforming Towards Sustainable Mobility SMGM received GOLD rating in TVSM Sustainability Index Audit (MSI) Spark Minda (Die Casting Division) has been honoured with the “Strong Commitment Award" at the CII 9th National Energy Efficiency Circle Competition 2025!*🏆 This recognition celebrates our effective implementation of the ISO 50001 Energy Management System, a vital step in our journey towards decarbonization and environmental sustainability Sustainable Operations 1,400+ learners trained on various skill development programs in Q1 MS-CIT Certification for rural youth in computer course in Murbad, Maharashtra Awareness and accessibility on Menstrual hygiene management to 800+ women inmates of prions in Uttar Pradesh Through our Prison Inmate Reform Programme – Saath, w e have engaged around 500 Inmates in manufacturing Care For People Spark Minda Sustainable Procurement Guideline shared during Supplier’s conference Release of BRSR Report FY 2024-25 Stakeholder management Policy Quality Management System in accordance with ISO 9001:2015 OHSAS 45001:2018 ISO 14001: 2015 ISO 50001:2011 Ethical Business 1000+ accessible and assistive aid to people with disabilities 780+ persons with disabilities currently employed across the Group FICCI Award - Inclusive Development of PwDs category BVOKAL Award for disability programme - Saksham Parivartan Category Inclusive Growth Addressed and resolved environmental queries from TVS, HMSI, Mahindra, Tata Motors, Maruti, Hyundai, Ashok Leyland, Brembo, Japan Aviation Electronics Industry Limited etc. to their satisfaction Spark Minda has launched the Greenlink Initiative to create a l ow-carbon and resilient supply chain. Total plantation in Q1 & Q2: 2000+ Responsible Value Chain
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Page 24 Corporate Social Responsibility BVokal Award- Saksham: Parivartan Category CII Award- Best Employer-Inclusive Recruitment (Large Company) FICCI Award - Inclusive Development of PWDs Saksham camp for PwDs- Pune Saksham Camp for PwDs- Noida Convocation (Cycle 1): Aakarsshan Centre, Haryana
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Page 25 Awards & Achievement Q2 & H1 FY2026 Total 178 External Awards received in Q2 FY26 ▪ QCFI - 20 Awards ▪ CII - 20 Awards ▪ Others - 5 Awards ▪ Customers - 3 Awards Business Vertical – 1 (Mechatronics, Aftermarkets & others division) won 48 awards during Q2 FY26 ▪ QCFI - 59 Awards ▪ CII - 5 Awards ▪ Customer - 1 Award Business Vertical – 2 (Information & Connected System division) won 65 Awards during Q2 FY26 ▪ QCFI - 37 Awards ▪ CII - 4 Awards ▪ Others - 6 Awards ▪ Customer - 1 Award DCD – won 48 Awards during Q2 FY26 ▪ QCFI - 16 Awards • Others - 1 Award Business Vertical – 5 (EME & SMGM) won 17 Awards during Q2 FY26
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Annexures
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Page 27 Consolidated Profit & Loss Statement Particulars (Rs. Cr) Q2 FY26 Q2 FY25 YoY% Q1 FY26 QoQ% H1 FY26 H1 FY25 YoY% Revenue from Operations 1,535 1,290 19.0% 1,386 10.8% 2,921 2,482 17.7% Raw Material 956 812 862 1,818 1,559 Employee Cost 235 193 227 462 380 Other Expenses 167 138 141 307 264 EBITDA 178 147 21.4% 156 13.8% 334 278 20.1% EBITDA Margin 11.6% 11.4% 22 Bps 11.3% 31 Bps 11.4% 11.2% 23 Bps Other Income 3 12 3 6 20 Depreciation 57 51 56 113 97 EBIT 124 107 15.7% 104 19.6% 227 201 13.0% EBIT Margin 8.1% 8.3% (23) Bps 7.5% 59 Bps 7.8% 8.1% (32) Bps Finance Cost 31 11 33 64 21 Profit before share of Profit/(Loss) of associates/ JVs and tax 93 96 (3.3) % 71 31.2% 164 180 (9.3) % PBT Margin 6.0% 7.4% (139) Bps 5.1% 94 Bps 5.6% 7.3% (167) Bps Tax 25 25 19 44 47 Share of profit / (loss) in associates / joint ventures (net of tax) 17 4 13 30 5 Profit after Tax 85 74 13.9% 65 29.6% 150 139 8.2% PAT Margin % 5.5% 5.8% (25) Bps 4.7% 80 Bps 5.1% 5.6% (45) Bps
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Page 28 Historical Income Statement Consolidated Particulars (Rs Cr) FY21 FY22 FY23 FY24 FY25 Revenue from Operations 2,368 2,976 4,300 4,651 5,056 COGS 1,493 1,876 2,777 2,924 3,146 Gross Profit 875 1,100 1,523 1,727 1,910 Gross Profit Margin 36.9% 36.9% 35.4% 37.1% 37.8% EBITDA 217 295 461 514 575 EBITDA Margin 9.2% 9.9% 10.7% 11.1% 11.4% Other Income 33 24 16 16 32 Depreciation 94 112 138 166 204 EBIT 157 207 339 364 403 Finance Cost 36 31 41 56 67 Exceptional Item - 33 - - - Profit Before Tax 121 209 298 308 336 Tax Expense 31 24 4 83 96 PAT Before Share of Associate and JV 90 185 294 225 239 Share of Associate/JV 4 7 (10) 2 16 PAT and Share of Associate and JV 94 192 285 227 255 PAT Margin 4.0% 6.4% 6.6% 4.9% 5.1%
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COMPANY - OVERVIEW Minda Corporation
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Page 30 Public & Other Shareholding Strong Promoter Shareholding 35.2% 64.8% MINDA CORPORATION LTD JVs and Associates Subsidiaries Minda Instruments Ltd. Spark Minda Toyodenso Spark Minda Green Mobility Minda Vietnam PT Minda Indonesia Flash Electronics 49.0% Minda HCMF 50.0% Minda Vast 50.0% Minda Infac Pvt Ltd. 51.0% EVQ Point 29.5% Minda Furukawa 17.5% Schematic Representation of Minda Corporation
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11/6/2025 31 Page 31 CHINA Electrical Distribution 10 Strong Partnering with domestic and global clients to drive the automotive transition INDIA JAPAN Advanced Switches INDIA TAIWAN KOREA Sunroof, Power Tail Gate Antenna System Motor, Motor Controller INDIA Mechanical Keys ITALY Vehicle Access GERMANY EV Charging Solutions INDIA Sensors and Clusters USA Wiring Harness JAPAN Strategic Partnerships
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Page 32 Strong Relationship With Marquee Customers Across Segments 2-3-Wheeler Commercial & Off Highway vehicles Passenger Vehicles Other Market
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Page 33 Well Diversified Product Range Expanding Core Verticals to Fuel Future Growth Interior Plastics 2W Vehicle Access Starter Motor & Alternator Sunroof & Power Lift Gate Fuel Pump EV Motor Housing Handle Assembly Turbocharger Aftermarket Driver Information System 2W / 3W / 4W EV Wiring Harness EV Powertrain EV Charging Busbar Connectors ADAS iRAS Sensor Smart Electronics EV Mobility ITS 4W Vehicle Access
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Page 34 Mr. Ashok Minda Chairman & GCEO Mr. Gajanan V. Gandhe Independent Director Mr. Ravi Sud Independent Director Mr. R Laxman Independent Director Over 38 years in the automotive component sector has forged global collaborations and spearheaded sustainable smart mobility projects across multiple countries. Mr. Aakash Minda Executive Director ED of Group; an honours graduate from Cox School of Business and ISB; has over eight years of experience in the automotive sector overseeing global operations. Mr. N.K. Modi Executive Director CS and CA, with over 34 years in the automotive sector, leading critical businesses at Minda Corp for 25 years. Ms. Pratima Ram Independent Director Former CEO of SBI Capital Markets; currently on the board of Cadila Pharma, Manappuram Home Finance, Moneyline Credit, Avaali Solutions, and MIL. MBA and MS in Engineering Mechanics; over 34 years of automotive industry experience in the U.S., India, and China. MBA from IIM-A and certified FCS and AICWA; over 40yrs of experience in automotive industry strategy and financial management. CMA and MBA from SPJIMR; 30+yrs experience in finance, strategy, and M&A; currently at More Retail Pvt. Ltd., former Group CFO at Minda Corp. Board of Directors Guiding The Way Forward
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Page 35 Leadership Team Driving Growth N.K. Modi ED & CEO BV5 35+yrs of experience in auto component sector Ajay Singhroha Group CHRO 24yrs+ of industry experience H.N. Mishra CEO, Die Casting 32+yrs of experience in automotive and manufacturing sectors Sumit Doseja CEO, SSD Over 27yrs of experience in the automotive component sector Deepak Arora CEO, Wiring Harness 26+yrs of expertise in the electronics and semi conductor industry Sunil Goel CEO, Aftermarket 20+yrs of experience in Automotive component sector Aakash Minda Executive Director Responsible for Group Marketing, Strategy, and Finance functions Ashok Minda Chairman & GCEO Over 38 yrs of expertise in the automotive component sector Vinod Raheja Group CFO Over 30yrs of experience as CFO in pharma and industrial manufacturing Ajay Agarwal President Finance & Strategy 24+yrs of experience in Finance & Strategy D. Suresh Group CTO Over 27+yrs of global and dom estic experience in R&D of Auto Industry Joy Panda Group CMO 20+yrs of expertise in the automotive industry
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Page 36 Combined Solutions for EV Battery Charger TFT Instrument Cluster HV Wiring Harness Connection System EV Traction Motor IDU Mid Drive Motor Motor Controller Unit Telematic Control unit VCU cum BCM Primary Gear BLDC Motor with Fan Assy • Product Offered by Flash Electronic EV Kit Value -2W Offered By Products Kit Value (in Rs.) MCL • Off Board Battery Charger • DC-DC Converter • Charging Gun • High Voltage Wiring Harness • TFT Instrument Cluster • Cell Contact System • Bus Bar • EVSE • Charging solutions • Battery Telematics 12,000-15,000 Flash • EV Traction Motors • Motor Controller Unit • BLDC Motors with Fan Assy • Primary Gears • IDU Mid Drive Motors • Telematic Control unit • Vehicle Control Unit 18,000-20,000 Kit Value for Powertrain Specific e2W 30,000-35000 Charging Gun PDU DC-DC Converter • Product Offered by MCL Connectors EVSE EV Busbar Cell Contact System
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Page 37 Comprehensive Solutions for 4W Power Lift Gate System EVSE Charge Gun IC CPD Sunroof SystemElectronic Steering Column Lock Digital Clusters & Cockpit Interior Plastics Door Zone Module Seatbelt Reminder Around view Monitoring System Antenna Rain and Light Sensor High voltage wiring harness connection system DC DC Converter Battery Charger Speed Sensor Telematics Temperature Sensor EGT Sensor Start Stop Button Airbag Harness Key Fob Wireless Charger TPMS BLDC Motor Wiper Motor
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Page 38 Comprehensive Solutions for Commercial Vehicle/Bus EV PDU Sensor Cables Battery Cables EV Busbars Cylinder Head Cover Plastic Oil Pan Position Sensor Soot Module Sensor EGT Sensor Junction Box Door Handle Digital/TFT Cluster Air Vent Speed Sensor Wiring Harness Die Castings Fuse Box Intelligent Transport System Immobilizer Ignition Switch Cum Steering Lock Temperature Sensor E Bus Motor E Bus invertor
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Page 39 Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Minda Corp undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances. Corporate Office: D-6-11, Sector – 59, Noida, Uttar Pradesh - 201301 Tel: +91 120-4442500 • Fax: +91 120 4787201 Registered Office: A–15, Ashok Vihar, Phase – 1, Delhi – 110 052 INVESTOR RELATIONS CONTACT Nitesh Jain Lead- Investor Relations Minda Corporation Limited nitesh.jain@mindacorporation.com +91 96491 31472 Simran Malhotra / Jatin Babani Investor Relations Advisor Churchgate Partners minda@churchgatepartners.com +91 22 6169 5988