1. Bajaj Auto Finance Ltd Q3’10 Presentation February 20, 2010 1

2. BAFL product portfolio 2 Cross sell Personal loans Insurance services

3. BAFL product portfolio 3 BAFL Launched in June 2008 To be launched in April 2010 To be Launched in April 2010 Cross-Sell Launched in December 2008 Launched in June 2007 Most diversified NBFC in India Construction Equipment

4. Q3’10 overview 4 Excellent quarter for BAFL. Highest profit in its history. PAT Growth of 142% to 27.3 Crs over corresponding quarter in Q3’09. Good momentum in consumer businesses viz. two-wheelers financing & durable financing. Festival season has been very good. Small businesses picking up momentum as well with improved demand & credit flow. Cost of funds have remained benign. Have strengthened our ALM. Increased borrowings in longer maturities to improve ALM further. Improvement in portfolio metrics across businesses. New vintages performing superior. Preparing to launch Construction equipment financing & Loan against shares retail business in Q4’10. Holding credit ratings at FAA+, P1+ and FAAA.

5. Snapshot – Q3’10 Revenues up 58% QoQ NII up 67% QoQOperating Expenses % of NII 5 Disbursements up 97% QoQ

6. Snapshot – Q3’10 Pre-tax profit up 169% QoQ. 6 Net NPA Reducing NPA Loss provision up 33% QoQ ROTA(%) Stable & Growing ROTA

7. Snapshot – Q3’10 7 Portfolio MixEarnings per share up 142 % QoQ. Capital adequacy increasing leverageBook Size increasing book size

8. Summary Income Statement 8 (Rs Crores, except EPS)Q3’ 10Q3’09%▲%▲ Income from operations 224.89 136.01 65% Other operating income 24.7321.9912% Total Income 249.6 158.0 58% Interest & other finance charges 55.3 41.8 32% Net interest income 194.3116.267% Operating expenses 91.454.169% Recovery commission 15.3 10.9 40% Provision for doubtful debts & bad debts 59.8 45.8 31% Provision for doubtful debts + Recovery commission 73.156.7 29% Profit from ordinary activities before tax 43.1 16.3 164% Tax Expenses (including Deferred Taxes & FBT)15.85.0 216% Net Profit/(loss) from ordinary activities after tax27.311.3 142% Paid up Equity Share Capital36.60 EPS before and after Extraordinary item a)Basic(Rs) b)Diluted(Rs) 7.463.08 142% Operating expenses as a % of NII 47%

9. 9