India Nippon Electricals Limited

14.59%

tate-of-art Research Center Tier 1 Supplier to Major Auto OEM’s 1,605+ Employees Debt Free 14.59% 3 Year Revenue CAGR INR 15,966 Mn Market Cap 30%+ Consistent Dividend Payout track record IN

INR 15,966

Tier 1 Supplier to Major Auto OEM’s 1,605+ Employees Debt Free 14.59% 3 Year Revenue CAGR INR 15,966 Mn Market Cap 30%+ Consistent Dividend Payout track record INVESTOR PRESENTATION 4 C O M P A N

30%

Auto OEM’s 1,605+ Employees Debt Free 14.59% 3 Year Revenue CAGR INR 15,966 Mn Market Cap 30%+ Consistent Dividend Payout track record INVESTOR PRESENTATION 4 C O M P A N Y O V E R V I E W

rs,

lly- owned subsidiary of Lucas-TVS Limited to manufacture electronic ignition systems for two-wheelers, three-wheelers and portable engines. INEL’s product offerings cover all custom-built ignition syst

9.63%

as also recently entered the market for electric vehicles. Revenue (INR Mn) & EBITDA Margins (%) 9.63% 4,812 5,663 8.78% 6,563 8.05% 11.00% 6,111 7,241 9.17% The Company continues to expand it

8.78%

red the market for electric vehicles. Revenue (INR Mn) & EBITDA Margins (%) 9.63% 4,812 5,663 8.78% 6,563 8.05% 11.00% 6,111 7,241 9.17% The Company continues to expand its product portfolio a

8.05%

for electric vehicles. Revenue (INR Mn) & EBITDA Margins (%) 9.63% 4,812 5,663 8.78% 6,563 8.05% 11.00% 6,111 7,241 9.17% The Company continues to expand its product portfolio and capabilitie

11.00%

ectric vehicles. Revenue (INR Mn) & EBITDA Margins (%) 9.63% 4,812 5,663 8.78% 6,563 8.05% 11.00% 6,111 7,241 9.17% The Company continues to expand its product portfolio and capabilities with f

9.17%

enue (INR Mn) & EBITDA Margins (%) 9.63% 4,812 5,663 8.78% 6,563 8.05% 11.00% 6,111 7,241 9.17% The Company continues to expand its product portfolio and capabilities with future technologies su

5%

ftermarket and export operations as well. FY24 Industry Wise Revenue Breakup General purpose parts 5% 3 Wheelers 10% TWO WHEELER THREE WHEELER GENERAL PURPOSE ENGINES INVESTOR PRESENTATION 2

rs 10

nd export operations as well. FY24 Industry Wise Revenue Breakup General purpose parts 5% 3 Wheelers 10% TWO WHEELER THREE WHEELER GENERAL PURPOSE ENGINES INVESTOR PRESENTATION 2 Wheelers 85% 5

rs 85

eelers 10% TWO WHEELER THREE WHEELER GENERAL PURPOSE ENGINES INVESTOR PRESENTATION 2 Wheelers 85% 5 J O U R N E Y 1984-1988 • Incorporation of the Company and its conversion into a joint ve

“INVESTOR PRESENTATION 29 Industry Overview A U T O - C O M P O N E N T S E C T O R • Automotive Ignition System Market is estimated to grow at 6.5% CAGR to reach USD 18.1 Bn by 2032 during 2023-2032.”

“Purpose Engines Indian Auto Component Industry Sensors • The global General Purpose Engines market size was valued at USD 9.2 bn in 2023 and is expected to expand at a CAGR of 2.09% to reach USD 10.9 bn by the end of 2030.”

“• By FY28, the Indian auto industry aims to invest US$ 7 billion to boost localization of advanced components like electric motors and automatic transmissions, reducing imports and leveraging 'China Plus One’ trend.”

“• The Automotive Sensors Market size is estimated at USD 28.88 Bn in 2024, and is expected to reach USD 38.74 Bn by 2029, growing at a CAGR of 6.05% from 2024- 2029.”

Highly volatile Situation

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Business Challenges and Outlook

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Valorem Advisors Disclaimer

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Highly volatile Situation

BS4 → BS6 Change over ISG Migration EV penetration increased : ~6% of 2w market [crossed 1 million mark] Covid pandemic Constant change in regulatory requirements for environment concerns.

Business Challenges and Outlook

High fluctuation in the RM Prices leading to a Continuous uncertain Supply chain situation Handling high Supply chain issues due to frequent changes All existing domestic products upgraded to meet BS6 norms Existing resources engaged continuously Positive market growth due to good festive season: Growth more than 10% Organising to manage changes was very challenging Despite all challenges INEL has outgrown the Industry in last 5 years Industry [ICE] Vs INEL Growth 17% 17% 9% 8% 11% 10% 16% 7% 0% -3% -14% -14% 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Industry Growth (ICE) INEL Growth INVESTOR PRESENTATION 22 I N D U S T R Y G R O W T H V S I N E L S A L E S [ F Y 2 3 / 2 4 : Y T D - Q T Y ] FY23-24 FY22-23 14.5 Mn 13.4 Mn Industry 8% 13% 5.94 Mn 5.28 Mn 12% 0.49 Mn 0.44 Mn 17% 10% 0.96 Mn 0.82 Mn 21.9 Mn 19.9 Mn FY23-24 FY22-23 3.58 Mn 3.49 Mn INEL 1.62 Mn 1.29 Mn 0.49 Mn 0.35 Mn 0.29 Mn 0.24 Mn 5.98 Mn 5.37 Mn 3% 26% 39% 23% 11% Industry grown by 10%, INEL grown by 11% INVESTOR

Valorem Advisors Disclaimer

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. For further information please contact our Investor Relations Representatives: Valorem Advisors Mr. Anuj Sonpal, CEO Tel: +91-22-49039500 Email: inel@va