> Vehicles of category M 1 with a reference mass not exceeding 2 610 kg and vehicles to which type-approval is extended in accordance with Article 2(2) of Regulation (EC) No 715/2007 which are fitted with a manual gearbox shall be equipped with gear shift indicators in accordance with the requirements of this Regulation and its implementing measures.
https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:...
It is mainly a fuel efficiency measure. It also tells the driver when to shift up or down.
Example of the indicator: https://www.researchgate.net/profile/Kerry-Malone/publicatio...