in Stored Electrical Energy

December 2007

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New Showroom in Belgaum - Karnataka New Showroom - Karnatakain Belgaum New Showroom in Haveri - Karnataka

Tudor India Limited (TIL), best known for the production of the Prestolite® brand of lead-acid batteries for both automotive and inverter applications, announced plans for capacity expansion at its transportation manufacturing facility in Gujarat (Ahmedabad), India. The Company is investing in equipment upgrades, line expansions, infrastructure and utilities to increase operational capacity from 600,000 batteries up to 1,000,000 batteries per year.

TIL is the Indian arm of Chloride Motive Power Batteries, UK, a wholly owned subsidiary of the Alpharetta-Georgia, USA, based global leader in stored electrical-energy solutions.

Most recently, TIL increased its capacity in FY 07 resulting in growth in its financial performance. For the half year ended September 30, 2007, TIL registered a 44 percent increase in net sales to INR 581 million as compared to the same period of the previous year. The newest planned capacity expansion, expected to be completed by June 2008, also will allow for the operation's production of innovative state-of-the-art products in wet form for original equipment and aftermarket customers in the region.

“We expect that the planned capacity increase will allow TIL to further increase its share and

brand image in the rapidly developing Asia Pacific battery market,” said Dr. Luke Lu, President Asia Pacific for the Alpharetta-Georgia, the USA based global leader in stored electrical-energy solutions. “The expansion is part of our Company's overall strategy that focuses on taking advantage of profitable growth opportunities both in manufacturing and global sourcing particularly in India and China.”

In 1997, TIL was the first company to introduce maintenance free lead-acid batteries designed with polyethylene separators, cold forged terminals and bone dry charged batteries in India, and offer the products for most types of vehicles manufactured in India, including cars, light and heavy commercial vehicles, sport utility vehicles, and tractors.

With 16 branches and a wide dealer network of approximately 230 distributors in India, TIL is well equipped to serve a broad range of customers in the global marketplace. The operation supplies batteries to both original equipment and aftermarket customers including American Power Conversion; Ashok Leyland; Atlas Capco; Caterpillar; Indo Farm Equipment; International Tractors, Mahindra & Mahindra Tractors; Reliance; Sudir Genset; Supernova; Tatra; Voltas; and Volvo.

Dr. Luke Lu Appointed as President

- Asia Pacific

E.... Technologies announced the appointment of Dr. Luke Lu as President – Asia Pacific, effective October 1. Reporting to President and Chief Executive Officer, Gordon Ulsh, Lu will be responsible for providing overall leadership and direction for the Asia Pacific business, capitalizing on profitable growth opportunities for this rapidly developing geographic market. He will be based in Shanghai, China, which will become the central headquarters for the Asia Pacific region.

“The appointment of Dr. Luke as head of our Asia Pacific business enhances our leadership position in the global market and brings a new dimension of professional experience to business development in this very important geographic region," said Ulsh. “Please join me in welcoming Luke and wishing him well as he pursues new opportunities for growth for our Company.”

Luke Lu, President - Asia Pacific

MAINTENANCE FREE

Introducing Two New Brands

TUDOR INDIA ANNOUNCES CAPACITY EXPANSION

T H E P O W E R O F G L O B A L T E C H N O L O G I E S

Regular editions of PRESTOLITE PULSE will be published quarterly for the benefit of all employees, dealers and distributors of Tudor India Limited. Comments or questions should be addressed to:

The Communications Department

Tudor India LimitedSuman Tower, 1st Floor, Sector 11, Gandhinagar-382 011, Gujarat, India. Fax: (079) 2323 2729, Email: tilcorporate@tudor-india.com

N e w s L e t t e r

Ten years ago, the “PRESTOLITE” brand was launched in India and since then we have been successful in establishing the presence of one of the world's largest group in the battery business in India. “PRESTOLITE” was the first battery to be introduced in India with several unique features such as bone-dry charge, polyethylene separators with glass mat, cold forged terminals, etc., features which met customers' requirement of a high-tech and maintenance free battery. Today, as we look back over the record of the last decade, we are proud of our accomplishments. At the same time, we are also aware that this would not have been possible without the untiring and committed efforts of our Distribution network for which we are grateful.Since April 4, 1997, when the first battery was fitted in a Maruti car at Bangalore, Tudor India has grown in more ways than one. Firstly, our plant capacity has increased to 6 lacs per annum through investment in machinery. This capacity increase was consolidated by the implementation of t h e T o y o t a L e a n Manufacturing System which resulted in an i m p r o v e m e n t i n t h e productivity and reduction in the scrap. Secondly, our t u r n o v e r h a s b e e n increasing steadily and for the year 2006 / 07 the same was Rs. 94.72 crores.Although these two factors did not reflect initially in our balance sheet due to accumulated losses, the performance during the past t w o y e a r s h a s b e e n tremendous where we have posted prof i ts before Interest , Depreciat ion Exceptional Items and Tax of Rs 1.82 crores and 9.01 crores for 2005/06 (9 Months) and 2006/07 respectively.We have been successful not only in penetrating and capturing a substantial share of the replacement market, but have also been able to get ourselves registered with several OEMs such as Volvo India, Tatra Udyog, Ashok Leyland, Caterpillar India, Mahindra & Mahindra, International Tractors, etc.Today, Tudor is the #1 battery in the inverter

segment which has been mainly due to the superior performance of our “PRESTOMASTER” batteries supported by the effective after-sales-service extended by our network. Tudor also has a very significant share in the car as well as the tractor segments. Tudor India's strength lies in being part of the world's oldest and largest battery company as this makes it possible for Tudor to introduce the latest technology in the Indian market. This is reflected in the industrial batteries and cells which were introduced in the Indian market with tubular positive plates manufactured with unique features such as thin spines and slurry filling. These cells and batteries were used successfully both in material handling equipment as well as battery operated three wheelers and hybrid buses. As part of our commitment to preserving the

environment, Tudor has been implementing the Battery Management and Handling Rules 2001 (BMHR) effectively by way of collecting old and unserviceable batteries back from the market. The battery market in India is growing rapidly and we have a great future in store for us. "Vision without action is a daydream; action without a vision is a nightmare.”The future is wonderful indeed.

Madan Kotnala

“A Decade of x-treme Excellence”

Tudor India Ltd, an Indian company of a global leader in stored electrical-energy solutions, announces to celebrate completion of FIVE years of Battery (Management and Handling) Rules 2001 (BMHR). Company proposes to conduct free check and service mela, camp at petrol pumps and retailer outlets, conduct dealers meet to educate customers about effects of lead acid pollution on environment and health due to recycling of lead in unhygienic manner by unorganized sector and responsibilities of car and fleet owner, dealer, distributor and public under BMHR 2001.

The Ministry of Environment and Forest (MEF) announced notification on BMHR in 2001 to protect environment and health of lives. The discarded batteries had been used by unorganized sector to make batteries by recycling lead from discarded batteries virtually in very unhygienic manner which pollute environment and health of lives. The fumes arising from lead and acid mixture during de-draining process of recycling damage the nervous system of humans who inhale this fume. Again, the quality of these batteries is sub-standard, potentially accident and health hazards prone and many times lead to frequent failures, which ultimately cost dearer to consumer.

The Protection of the environment is one of the biggest concerns of Tudor India Ltd. which is demonstrated by various campaigns, a strong initiatives and commitment to comply BMHR 2001 to make environment free from lead acid pollutions. We are committed to offer maintenance free best quality product with latest improvised international technology to give peaceful and complete experience.

Tudor initiatives for preserving environment

1997-2007

Participation in the ‘Grand Kerala Shopping Festival’ at Quilon Road Show in Cochin Service Camp in Matunga, Mumbai