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© ZF Friedrichshafen AG Presenters 2 Paramjit Singh Chadha Managing Director Chief Financial Officer Rakesh Mishra Shankar V Head of Sales and Marketing - OE A Ganesamoorthy Head of R&D and Engineering 2

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ZF confidential 01 About ZF Group 3

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© ZF Friedrichshafen AG ZF Products and Services for Passenger Cars, Commercial Vehicles and Industrial Technologies 4 Electrified Powertrain Technology Chassis Solutions ZF Lifetec Electronics and ADAS Commercial Vehicle Solutions Industrial Technologies Aftermarket AI-Generated

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© ZF Friedrichshafen AG ZF AG: Financial Overview 2025 5 €38.8 billion Sales 4.5% adjusted EBITA margin €1.8 billion Investments in property, plant, and equipment 153,153 Employees €3.3 billion Research & Development €1.4 billion adjusted free cash flow

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© ZF Friedrichshafen AG Worldwide Presence - Production, Development, Sales and Service 6 South America Locations: 8 Employees: 5,354 Asia Pacific Locations: 42 Employees: 28,363 North America Locations: 24 Employees: 31,444 EMEA Locations: 88 Employees: 87,992 162 production locations in 29 countries 20 main development locations in 9 countries Global service network with more than 20,000 workshop partners

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ZF confidential 02 About ZF Group in India 9

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© ZF Friedrichshafen AG 10 ZF Group in India - Footprint and Employees Pantnagar Lucknow Coimbatore GEC - Chennai ZF Rane 10 Ambattur Mahindra World City Jamshedpur Oragadam Test TrackPune Hyderabad Strong Footprint Across India ~14,000 Employees €1.1 billion Sales in 2025 GBS - Chennai

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© ZF Friedrichshafen AG ZF Group in India: 11 Commercial Vehicles Market Leader in Vehicle Control Systems Strong partnership with all major OEMs Meeting customer requirements through advanced technologies such as E-Mobility and ESC Passenger Cars Built strong engagement with leading OEMs Business awards for EPB from leading customers Game-changing products like EPB; IBC, DP-EPS; ADAS; Range Extender Wind Power Market leader in India with a focus on exports 9GW → 12GW; 13.2 MW Test Rig inaugurated Expanding from ~50 GW currently to 140 GW by 2030 ~80% market share in braking solutions Aftermarket Solutions & Services Off- Highway / Railway Built strong engagement with Key Customers New production facility Market opportunities in other areas like Railway; Test Systems; Agri and Defence. AI-Generated

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ZF confidential 03 ZF Commercial Vehicle Control Systems India Limited (“ZF CVCS”): An Introduction 12

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© ZF Friedrichshafen AG ZF CVCS: Building on a Strong Heritage 13 Expansion of MWC plant Expansion of Jamshedpur Plant Inauguration of Technology center and GBS Inauguration of Lucknow Plant Inauguration of MWC Plant WABCO India integration WABCO takes majority control of Sundaram Clayton (Brakes division), operates as WABCO TVS Inauguration of Ambattur plant and Software Center Inauguration of Jamshedpur Plant Inauguration of Pant Nagar Plant WABCO TVS becomes WABCO India Limited ZF takes over WABCO, WABCO India adopts ZF WABCO brand Mar 2022 ZF Commercial Vehicles Control Syste ms India Limited is the new name of WABCO India Limited Inauguration of Oragadam Plant - Feb’24 Inauguration of ESC Test Track - Nov’24 2005 2007 2008 2009 2011 2012 2013 2015 2017 2019 2020 2022 2024 ZF Group Integration Jan 2022 WABCO integrated into CVS Division globally; ZF becomes corporate identity in India Brand Milestones 1962 2025 2020 2009 2011 Record Financial Performance for FY25-26 5 new product launches and 5 product ramp-ups 2025

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© ZF Friedrichshafen AG ZF CVCS: Footprint 6 Manufacturing Plants 1 Proving Ground ~ 550 Aftermarket Dealers/ Distributors ~270 Authorized Service Partners Over 5,560# Employees 3 Global Engineering & Technology Centres > 1,100+ Engineers, Global centre for Digitalization and Software development Over 6 Decades as a Market Leader Technology Centre Manufacturing Plant Headquarter Chennai Mahindra World City Oragadam Jamshedpur Pant Nagar Lucknow Proving Ground 14

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ZF confidential 04 Market Overview 15

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© ZF Friedrichshafen AG India CV Market Overview PLI Scheme PM E-Drive EV Push GST Reforms National Logistics policy Scrappage Policy Bharatmala E-commerce & logistics expansion Urbanization & last-mile delivery Government modernization push Replacement demand of Trucks Global Consolidation & Market Leadership Segment Expansion & Market Share Growth OEMs expansion of capacity in Green Mobility Consistent and sustained GDP growth Continued growth in Manufacturing Sector Key Economic Factors Policy Initiatives Strategic Industry TrendsGrowth Drivers Strong focus on Infra development 16 Robust economic growth, key policy initiatives, rapid expansion across industry growth levers, and strategic OEM shifts are expected to drive sustained growth in India's CV market

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© ZF Friedrichshafen AG ZF CVCS: Market Segments 17 Truck Market Leader in vehicle Control Systems Strategic Technology partner with all major OEMs Bus and Trailer Bus: Technology Leader driving safety, comfort & electrification through system integration Trailer: Market Leader from Basic Braking to Integrated Trailer Program (ITP) Off-Highway Market leader in pneumatic control & air management products. Strong growth potential with evolving technology adoption in this segment. OE & Aftermarket Solutions & Services Defence Leveraging decades of proven CV expertise to deliver durable, reliable technologies for defence, ensuring robust performance in demanding environments Exports

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© ZF Friedrichshafen AG Emerging Trends Technological Evolution Trucks Regulation and Operating economics driving the technology adoption in CV, positioning the industry at a key growth inflection point Base ICE Platform Fleet reliability focus Basic Safety Durability focus ABS adoption Fleet efficiency focus BS6, telematics CNG/LNG expansion Fleet digitization EV pilots Telematics at scale BSIV to BSVI preparation 2000-2007 2008-2011 2012-2015 2016-2019 2020-2022 2023-2026 >2026 ADAS & V2V Higher capacity engines AMT OTA update SDV Multi-Powertrain Transition CNG, LNG, hydrogen, and EV Connected & SDVs Increase in Electronics & Software content Regulation Driven Modernization ADAS, V2V, FE, Safety Fleet Economics Uptime, Payload, Higher GVW E Commerce & Quick Commerce growth Last mile connectivity “Commercial vehicles are evolving from mechanically optimized assets to connected, software-defined, and regulation-compliant mobility platforms” 18

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© ZF Friedrichshafen AG Technological Evolution Bus & Trailer 19 Penetration 2X Trailer penetration from 8% to 16% in a decade and expected to increase Industry Shift Road TrainAdvanced Safety ITP Transition from unorganized to organized markets & driving growth in specialized trailer segments >30% With higher safety awareness, increasing penetration of TABS/EBS Increase in penetration of intelligent trailer program INR 300k VpV With Govt. allowing for vehicles up to 25m along with improved infra, Road Train expected to increase 1,171 1,939 2,575 3,610 4,409 4,401 2021 2022 2023 2024 2025 YTD 26 Business Trend Migration towards Gross Cost Contract (GCC) model EV Rapid EV Penetration Infrastructure Focus • ESC: 100% implementation buses • STUs demanding Low Floor Buses • ADAS : Regulation from Oct 27 • Focus on Scrappage Policy Infra Boost Regulation Driven Electrification trend Key Trend in Buses Key Trend in Trailer Urbanization Comfort focus Source: Vaahan Portal

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© ZF Friedrichshafen AG Off-Highway Construction equipment • India’s construction equipment demand is driven by infrastructure investments in roads, railways, metros, urban development, and industrial corridors. • Urbanization, population growth, and mechanization are expanding adoption across emerging markets. • Although hydraulic braking systems dominate the construction equipment industry, ZF CVCS maintains a market-leading ~50% share in pneumatic braking systems. Market CAGR 7.52% (2026-2032) 140,000 units in FY26 Agriculture & Farm Equipment 1,100,000 units in FY26 Market CAGR 6%-7.3% (2026-2030) • India remains one of the world’s largest tractor markets, Long-term growth is supported by farm mechanization, rural development initiatives and labour shortages. • ZF CVCS supplies pneumatic braking systems to most tractor and farm mechanization OEMs in India. These systems are also used in export tractor models across Europe, APAC, and Africa. Compressor Unloader Brake valve Compressor Control valve Brake valve 20

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© ZF Friedrichshafen AG Defence Mobility Tactical Vehicles India’s defence modernization, border infrastructure development, and indigenous manufacturing initiatives are driving demand for advanced mobility and logistics platforms. ZF CVCS has also been associated with multiple defence programs for over two decades, supplying critical components and supporting both new platform development and fleet refurbishment requirements of armoured vehicles and defence platforms. We continue to build a strong order pipeline through participation in new awards, upgrades and repeat orders. Backed by differentiated technology, proven manufacturing capabilities and deep application expertise 20+ Years of defence association Automatic pressure regulator Compressor plant Aviation compressor ZF CVCS supports Defence OEMs across development, testing, validation, homologation, and field support, ensuring reliable pneumatic braking performance in demanding environments. Pneumatic brake components 21

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ZF confidential 05 Key Product Portfolio 22

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© ZF Friedrichshafen AG ZF CVCS: Product Portfolio Efficiency Driven by the CV industry's focus on efficiency, we continuously enhance our products to reduce operating costs and improve FE (OPR Comp, ECAPU, Optidrive, EBS) Power Driving vehicle performance through innovative driveline solutions, including OptiDrive AMT, Clutch Actuation Systems, Range Extenders, and related technologies Safety Safety technology leader, advancing from ABS to EBS/ESC and next-generation driver assistance systems (HiSA, ATC, and ADAS) for trucks, buses, and trailers Aftermarket Solutions & Services Comfort Driving superior passenger and driver comfort through innovative mobility technologies (ECAS, Scroll Comp) Exports 23

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© ZF Friedrichshafen AG Scroll Compressor 24 Oil-free Supporting global sustainability & zero emission vehicle targets Lowest TCO Significantly reduced service cost High Efficiency Supporting vehicle range Low NVH Smooth scroll motion Liquid Cooling For durability & power density

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© ZF Friedrichshafen AG ECAS Applied in ICE and EV buses with ultra-low-floor entry • Intelligent Kneeling • Automatically returns to drive height when driver closes the doors based on intelligent system interaction with door control • Increased Passenger Safety Reduced Air Consumption Improved reliability of the Air Suspension system Modular and Scalable ECAS system Maintains constant pressure during operation Offers outstanding suspension quality 25 1900+ Buses fitted with ECAS on road

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© ZF Friedrichshafen AG ZF Door & Door Control Systems One of the leading suppliers for bus door and door control systems in Europe & India Modular control system catering to the requirements of all types of doors Local Manufacturing facility catering to Indian customer requirements Next Gen Technology: Electrical door control system ZF Door Control system 3,800+ EV Buses with Electric control system 60k+ ICE Buses with Pneumatic control system Potential market Regulatory Compliance: Meeting ECE-R 107; AIS 052, 153 Safety-Driven 1. Fail safe operation 2. Emergency operation 3. Obstacle sensing 4. Vehicle speed integration 5. Fire alarm integration 27

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© ZF Friedrichshafen AG Spare Parts Aftermarket Reforms Kick-off (SPARK) SPARK - Key Launch Highlights & Pipeline 29 Recent Launches & Achievements 10+ merchandise products identified; development initiated (in addition to in-house projects) ADB Rotors, DEF (Diesel Exhaust Fluid), Wheel Bearing Grease are launched and Sales started. Clutch Master Cylinders Two models successfully launched in March 2026 Pipeline Under SPARK Review • CV Brake Pads • Reverse Parking Camera Solutions • Air Spring • UJ Cross • Lift axle dampers • Water Pump • Flywheel • Nox sensor, DEF sensor ADB Rotor DEF Wheel Bearing Grease CV Brake Pad Reverse camera Air Spring UJ Cross FlywheelLift Axle Dampers Water Pump

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ZF confidential 06 Technology Roadmap 30

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© ZF Friedrichshafen AG Regulations Roadmap 31 Braking Wheel End Introduction year Regulation Windows Steering ADAS Not clear yet In draft 2023 2024 2025 2026 2027 2028 2029 BS 7 (2028/29) BS 7 LEB (>2030) Cyber Security / Functional Safety / OTA for Control Systems Oct 2029) AIS 189/190 ESC for M3 Buses (Except Type 1, Cowl Chassis, Special Applications) ESC for all M3 Buses (Except Type 1) ESC for all Categories (M2, N2, N3) except City application, N3 ; 4 axle AIS 150 LDW, DDAW, BSIS, MOIS for all Categories (M2, M3, N2, N3) LKAS for specific segments NCAP CV (>2030) Witnessing increase in ESC volumes AEB for all Categories (M2, M3, N2, N3) AIS 162 except City application, Special application V2V for all category of vehicles (Limited Features) AIS 230 EDR for Haulage Tractors (N2, N3) AIS 220 M – Passenger Vehicles N – Goods Vehicles Implemented year

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© ZF Friedrichshafen AG Current Shifts in Industry’s Mega Trends 32 Integrated System Intelligence From isolated systems to a combined and integrated system view lifting safety and vehicle dynamics => Delivers optimal safety, performance and efficiency Evolving Vehicle Architectures From HW-defined (long cycle) to SW-defined (fast cycle) to AI-defined (automated) => Enabling automated Life-Cycle Engineering Multiple Propulsion & Energy Sources Support of the full range — from ICE to electrification (incl. hybrids) — to meet different global adoption speeds => Enabling multiple technology approaches Digital Ecosystems Cloud & AI Native with seamless connectivity & data across the lifecycle to maximize Intelligence => Maximize operational efficiency Mega Trends are converging and interweaving driven by an advancing technology base AI-Generated

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© ZF Friedrichshafen AG ZF Group’s AI Strategy 33 AI as a strategic enabler across ZF From requirements to validation, AI compresses the engineering loop • Optimize products and development processes Redesign • Shorten development cycles and time-to-market Accelerate • Apply AI across the portfolio, not only driving software Embed Products Development Operations Analyze requirements Identify recurring or similar customer requirements.01 Reuse engineering knowledge Connect comparable code, test specifications and tools.02 Outcome: faster, more efficient paths to market-ready products Simulate and validate Use AI methods to support leaner testing and design validation.03

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© ZF Friedrichshafen AG External Vehicle Connectivity The Future CV Ecosystem Automation of Lifecycle-Oriented Engineering 34 Cloud Environment 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 1 0 0 1 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 1 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 Neural Networks / AI 1 1 1 1 1 0 1 1 1 1 0 1 1 0 1 1 1 1 1 1 0 1 1 1 1 1 0 1 0 1 1st level data processing: Selection of unusual sensor values or maneuvers, also combination of sensor data Improvement of respective function, creation of variants Analysis of the noticeable function Virtual validation based on simulated test environment & Digital Twin generated from collected data Generation of new software version with improved and validated functionality Transfer of new software/function to the vehicle (or fleet), optionally pre-test on small batch in field before complete roll-outContinuous data collection from sensors & systems

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© ZF Friedrichshafen AG Today • Distributed-ECU architecture with embedded System & SW • Expected market presence beyond 2030 SdCV - Evolution of E/E-Architectures 35 ~ 2027 - 2036 • Zone/Domain architectures – Sensitivity on Invest with gradual evolution of architectures • Diverse, co-existing architecture variants • Focus on lifecycle cost & TCO • Clustering starts from systems with high performance needs (e.g. ADAS) From ~ 2033 • Clustered architectures with 2-3 central units expected • Clustering reaches safety-critical systems (like braking) Hub-clustered, service oriented architectures Co-Existence of different zone/domain clustered architectures Distributed, monolithic architectures

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© ZF Friedrichshafen AG ZF CVCS Proving Ground 13th February 2023 | Proving Ground Overview : • Inaugurated in 2001, spread over 200 acres • Can test all types of vehicles (2W, PV & CV) • Support for homologation & Systems testing • Facility rental to customers • Experts for Brake System testing • TÜV certified according to 71/320/EEC. Technical Specifications: ▪ 1.35 km Straight Track ▪ 1.80 km Speeding Track ▪ Gradient - 3%, 5%, 7%, 12%, 18% ▪ High 0.9 mu & low 0.12 mu surfaces ▪ Max speed - 100 kmph for CV and 180 kmph for Cars Key Facilities: ✓ ESC test track of R100 m with 0.9mu Friction ✓ 45 KW Solar power Station for Sprinkler ✓ EV Charger – 7, 30 & 60 Kw-hr. ✓ Anechoic chamber for <20 dB ✓ 5 Workshop Bays + Weigh bridge + Loads ✓ HT Power supply for 300 KW power ADAS / AEBS - Test Track by 2026 Test Track Overview Test Track Layout ABS Test Track Testing in ABS Track Testing in ESC Track Fully Booked until Oct'2027 for covering ~150 vehicle models for ESC regulation 36

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ZF confidential 07 ESG 37

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© ZF Friedrichshafen AG ZF Sustainability Strategy and Climate Targets at a Glance 39 • Reduction of Scope 1 and 2 GHG emissions by 80% by 2030 (with 2019 as the base year) • Reduction of Scope 3 GHG emissions by 40% per € million sales by 2030 (with 2019 as the base year) • 100% Annual procurement of electricity from renewable sources from 2025 Acting For climate and nature Acting For all people Acting For lasting values 85% Reduction of CO2e emissions Scope 1&2 in comparison to 2019 100% Electricity from renewable sources at all ZF plants worldwide

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© ZF Friedrichshafen AG • Scaling up Renewable energy across sites – RE 100 by 2025, leverage onsite solar to 10% and long-term contract solar & wind 71%, remaining from IREC • Organic waste converter installed at Ambattur site to convert food waste into manure • Part of Water positive initiative- Rainwater harvesting infrastructure implemented with 2100 KL @ LKW and 1200 KL@ JSR • Part of Decarbonization initiative – LPG based cooking replaced with electrical induction vessel • Energy efficiency drive where 31 projects with 1206MWH energy savings realized, 3.5% achieved compared to PY • EV policy rolled out to promote sustainable mobility – stalls organized ESG: Key Initiatives 40 Highlights Awards & Accolades 750+ RETAILERS • Ambattur Plant won First Place in the Tamil Nadu State Safety Awards, recognizing excellence in workplace safety. • Ambattur Plant received the CII National EHS Excellence Award 2025 (Gold) and the Spotlight Award for Climate Action & Decarbonization. • Ambattur Plant won the ESG Summit Gold Award (Anna University, Guindy) for energy reduction initiatives • Ambattur Plant earned Platinum and Gold Awards at the QCFI SHEEN Convention, showcasing excellence in Safety, Health, Environment, and Energy management.

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© ZF Friedrichshafen AG Corporate Social Responsibility Overview of CSR Initiatives in 2025-26 30 Events conducted (Road Safety Training & Eye checkup) 1858 Drivers & Mechanics Trained 3 School blocks Renovated 50 Solar Streetlights Installed 18 Solar High Mast Lights Installed 4 Solar Traffic Signals Installed 500 Trees Planted 2 Million Litres Yearly Rain-Water Harvesting 500 Safety Tool Kit for Technicians 322 NAPS Trainees skilled 41

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ZF confidential 08 Awards and Visits 42

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© ZF Friedrichshafen AG Recognition for Excellence in Execution • Strong relationship with customers for over six decades • Recognized by leading customers for innovation, technology partnership, cost competitiveness, quality and excellence • Recipient of 30+ customer awards over the last 12 years… • 10 awards from Ashok Leyland - Supplier Samrat; Overall Quality Excellence • 10 awards from TATA Motors - Supplier of the year; Localization, Innovation and Technology Awards • 9 awards from VECV - Best Quality Supplier; Outstanding Contribution in Technology Innovation • 3 awards from Daimler - Q Prime, Best Supplier for Innovation, Partners for Asia • 1 award from Mahindra - Best Technology Partner 2014 AL Cost competitive- ness Award 2015 TML Supplier of the year 2017 SML Isuzu Supplier of the year 2018 Volvo Eicher Excellence Award for Technology Innovation 2019 Tata Motors – Innovation and Technology award 2020 AL Supplier Samrat Award 2021 2022 2023 VECV Technology Innovation Award DICV Q-Prime Award TATA Motors Sustainability Excellence award 2025 Mahindra Bus & Truck Best technology partner award TATA Motors Technology & Innovation Award Ashok Leyland: Impactful Innovation – Gold Award VECV - Outstanding Contribution in Field Support 2024 2026 TATA Motors - Athmanirbhar Bharat Award 43 43

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© ZF Friedrichshafen AG TATA Motors – Athmanirbhar Award ZF has been awarded the Atmanirbhar Excellence Award at the Tata Motors Annual Supplier Meet 2026 on September 11 in Pune, for the successful localization of its E-Compressor technology, powering electric bus and truck applications. 44 44

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© ZF Friedrichshafen AG Investor Visits: • 36 investors including institutional representatives and family offices visited the ZF Proving Ground to gain insights into our operations and technologies • Guided tour of the Proving Ground facility including the ABS Track, ESC Track, Gradient Track, Hemi- Anechoic chamber • Conventional and advanced technologies were displayed across all plants and product lines • Interaction with ZF CVCS India’s Leadership team March 2026March 2025 • 40 investors and shareholders visited the Oragadam facility to gain insights into our operations and technologies • Guided tour featured manufacturing processes, sustainability efforts, lean practices, and frugal engineering among others • Conventional and advanced technologies were displayed across all plants and product lines • Interaction with ZF CVCS India’s Leadership team 45

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ZF confidential 09 ZF CVCS: Financials 46

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© ZF Friedrichshafen AG ZF CVCS: Financials 427 546 609 693 FY 22-23 FY 23-24 FY 24-25 FY 25-26 12.2% 14.0% 15.5% 16.1%+ 1.8% +1.5% +0.6% PBT 318 406 461 517 FY 22-23 FY 23-24 FY 24-25 FY 25-26 9.0% 10.4% 11.7% 12.0%+1.4% +1.3% +0.3% PAT 537 661 738 830 FY 22-23 FY 23-24 FY 24-25 FY 25-26 15.3% 16.9% 18.7% 19.3%+ 1.6% +1.8% +0.6% INR Cr EBITA % is computed on the Total revenue CAGR: Total Revenue 384 503 599 715 1,100 1,075 1,154 1,025 429 479 505 584 1,598 1,854 1,682 1,978 FY 22-23 FY 23-24 FY 24-25 FY 25-26 3,511 3,910 3,939 4,302 +11.4% +0.7% +9.2% OEM AM Exports Service Income+ Other Income 47

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