WAAREEENER

### Expansion & Growth in Focus **

** – The company has commenced operations at its **advanced automated BESS container manufacturing facility in India**, with capacity expanded to **5.15 GWh from 3.5 GWh**. The expansion strengthens Waaree's presence beyond solar manufacturing into the fast-growing energy storage ecosystem while supporting localisation and reducing import dependence. *(Strongly Positive)* ** ** – The company approved an **additional ₹255 crore capex** for its **Tumakuru expansion**, taking the total planned investment to **₹540 crore**. The capacity expansion supports future demand and strengthens the company's manufacturing capabilities, though benefits will materialise gradually. *(Positive)* ** ** – The company has entered **Germany**, its **fifth European market and 53rd country globally**, through a partnership with **KSR Group**. Hero will introduce a **Euro 5+ compliant product portfolio**, strengthening its international presence and providing a platform for long-term growth in the European two-wheeler market. *(Positive)*