The earning per share was Rs. 2.60 in the quarter ended June 30, 2008, up from 2.57 in the quarter ended June 30, 2007.

“The pain of the slowdown still continues and the margins are under pressure even as we take steps to mitigate the effects and focus on addition of newer products. We expect to maintain our topline growth of 35-40% for the entire year and expect the pressure of inflation to ease in the last quarter of this year. We are hoping to see a decrease in international commodity prices in the 3rd quarter which should see our margin pressures easing” says Mr. N.K. Minda, Managing Director, Minda Industries Limited. MIL is the country’s largest manufacturer of switches in the 2/3 wheeler segment and is amongst the top few globally.

Minda Industries Limited (MIL) designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lamps for automobiles (2/3 & 4 wheelers) and 2 wheeler batteries. The company recently bagged an Rs.50 crore order from Volkswagen for its lighting division. MIL is expected to commercially launch its 4 wheeler Batteries in the 3rd Quarter of this year and Blow Moulding facility near Bangalore will begin production in the last quarter of this financial year.

Minda Industries Limited has its manufacturing plants in Delhi, Gurgaon, Pune, Hosur, Baddi, Bidadi & Aurangabad and has over 2400 employees. Minda Group also has a manufacturing facility in Indonesia, looking after the booming ASEAN market.

Source: Press release distribution via India PRwire

About NK Minda Group

NK Minda Group is India’s foremost manufacturer of a range of automotive components. The Group has an annual turnover of US $ 238 million (over Rs.1000 Crore) and is a leading supplier to Original Equipment Manufacturers.

The NK Minda Group product profile comprises of Switches for 2 / 3 wheelers & off roaders, Switches for 4 wheelers, Lighting, Battery, Blow Moulding, Horns, Alternate Fuel kits, Mirrors and Starter Motors & Alternators. Minda Group has joined hands with global leaders to constantly fine-tune its offerings and has some of the most reputed automotive component manufacturers as its joint-venture partners. These include Tokai Rika Co. Ltd., Japan, Fiamm S.p.A, Italy and Valeo of France.

With this order, PARI has expanded its US key customers base with acquisition of the Chrysler account, in addition to their existing customers like Caterpillar, American Axle, Fanuc, Tranter, Emerson, Eaton, Honeywell, Dow Corning. PARI has established itself in the US market with its ability to deliver high-end technology solution in US, cost effectively, through its engineering and manufacturing infrastructure in India said , Mr. Ranjit Date , Jt. MD of PARI.

The project involves fully automated manufacturing process with robotic technologies requiring various assemblies, fastening, sealing, testing & handling operations in the final assembly process of the Axles that will go in a variety of Chrysler vehicles like Dodge Dakota, Ram, Nitro Jeep Liberty sold in the US. The order value is over Rs. 15 cr.

The entire system will be designed, built & tested in India at PARIs newly functional Automation City facility, and then deployed in the US plant through PARIs US subsidiary, PARI, Inc. – based in Detroit.

While PARI Inc. – US Subsidiary will cover the functions of Customer Interface, Requirement Capture , Change Management and Deployment at Plant PARI Limited will cover the functions of Project Engineering , Equipment Design, Manufacturing and Process & Performance Proving, the Project will be Delivered in March 2009, Dr Date added

This project emphasizes the success of an innovative business model deployed by PARI

4 years ago, where a complete project performance responsibility is taken by the PARI Inc., and executed through a synergetic combination of a few key US resources, and the large engineering, manufacturing & project execution base of PARI in India.

This business model has enabled PARI to move up the value ladder, rather than the conventional outsourcing model for engineering & IT services.

The present reorganization faced by US Automotive industry to reinvent their small and fuel efficient car platforms, and to do so with much lower capital costs in order to remain financially viable despite the low margins in this segment, represents a major opportunity for PARIs business model. This year, PARI has accelerated its growth of both the Indian facilities, as well as US resources through planned acquisitions in US.

He also added that PARI would be increasing US Facility Investment and also increasing US Team Size, apart from looking at acquiring an US company in 2008-2009.

Currently PARI has over 25 Fortune 500 Companies and Over 300 major manufacturing companies as its esteemed clients and also enjoys the preferred Automation Supplier Status with Caterpillar

Source: Press release distribution via India PRwire

Source: Press release distribution via India PRwire

With the various initiatives and a complete portfolio in two wheelers, the company is now in a better position to reverse the declining trend in sales and to report improved results.

INDUSTRY:

The year witnessed a decline of 5% in the two-wheeler industry consequent to restricted availability of retail finance, high interest rates and stringent norms exercised by financiers. The economy segment of the motorcycle category was severely hit and suffered maximum decline of 19%.

COMPANY FINANCIAL PERFORMANCE:

During the year ended March 2008, while the company recorded overall two wheeler sales of
12.77 lakh units, motorcycles recorded sales of 6.10 lakh units compared to 9.23 lakh units over the previous period. Till the launch of the TVS Flame towards the end of the year, the company was absent in the executive segment, which accounts for over fifty percent of the motorcycle market. TVS Motor Company’s motorcycle portfolio was largely dependent on the entry level StaR range of products and non-availability of retail finance had a severe impact on sales.

TVS Motor Company recorded total revenue of Rs. 3291 crores for the year ended March 2008 compared to 3920 crores recorded during corresponding previous year. Profit before tax during the year ended March 2008 stood at Rs. 35.37 crores as against Rs. 90.85 crores recorded in the corresponding period last year. Profit after tax stood at Rs. 31.77 crores as against Rs. 66.60 crores recorded last year.

NEW PRODUCTS LAUNCHED DURING 2007-08

During the year the company launched products in the economy, executive and premium segments of the motorcycle market and improved its portfolio. The company also launched the TVS King, making its debut in the three-wheeler industry in India. Among the products launched are the 125cc TVS Flame, which is one of the most stylishly designed products from the TVS stable. TVS also launched the Star City with an enhanced engine capacity of 110cc, Apache RTR with a 160cc engine.

FUTURE OUTLOOK – COMPANY PLANS AND PRODUCT LAUNCHES

The high inflation and restricted availability of retail finance will continue to affect the prospects of the two-wheeler industry. However, the company will have the benefit of all the new products launched towards the end of 2007 –08. This will help the company to reverse the declining trend in sales and to report improved results. The company can also leverage the capacity created at its HP plant and its entry into the three-wheeler industry.

The Company continues its rigorous focus on its costs through an effective deployment system. Value engineering and aggressive global sourcing projects are being pursued to reduce material costs and also to partially neutralize input material cost increases.

Total Productive Maintenance (TPM) is practiced in all the plants to ensure significant improvement in productivity and reduction in manufacturing cost. During 2007-08 Hosur Plant & Mysore plant were awarded the TPM excellence certificate by the Japanese Institute of Plant Management (JIPM).

During the year 2008 – 2009, the company has planned a slew of new launches:

TVS Scooty Electric, Scooty Wimbledon Collection & All New Scooty Variant :

In April 2008, the company launched the TVS Scooty Electric, announcing its entry into the electric two-wheeler market. The product has been well received in the market.

As part of the agreement with the All England Lawn Tennis Club (AELTC), the company launched two excitingly designed, limited edition scooters, inspired by contemporary, classic and sporty imagery of ‘the Spirit of Wimbledon’.

The company will further strengthen its presence in the scooters segment with the introduction of an all-new variant of Scooty which will offer next generation features and styling to customers.

Apache RTR Fuel Injection:

The company will launch an upgrade of Apache, a 160 cc motorcycle and introduce fuel injection technology for the first time in the 160 cc category. This high performance motorcycle offers superior performance of a fuel injected 160cc engine and introduces data logging for the first time in the category.

Futuristic technology, contemporary styling and superior quality will continue to be the focus for all new products.

Four Stroke Three Wheelers:

The company plans to introduce four-stroke versions of its three-wheeler in Petrol, LPG and CNG versions for domestic and export markets during 2008-09.

INTERNATIONAL BUSINESS

Exports witnessed a steep growth of 32 % as compared to 28 % in the previous year, recording sales of 136,000 units in comparison to 103,000 units in 2006-07. The company increased its export footprint to more than 50 countries during the financial year. Exports will continue to be a major focus area of the company.

PT TVS INDONESIA:

PT TVS Motor Company, Indonesia, a subsidiary of TVS Motor Company developed the

TVS Neo 110cc, a product engineered exclusively for the Indonesian market that has received extremely satisfactory response from customers. Apache RTR, launched during the last fiscal year has also caught the fancy of Indonesian customers. The company has already established a network of 25 dealers and plans to add another 125 dealers during 2008 –09.

AWARDS

The company won several awards during the financial year ’07-’08. The result of continuous improvements in quality and engineering was evident in the company winning five prestigious awards at the Auto Expo 2008. The Apache RTR 160 bagged three awards including Performance Bike of the Year by NDTV Bike Awards, Bike of the Year up to 160cc by Overdrive and Design of the year by NDTV Bike Awards. The TVS Scooty Pep+ won the TNS Voice of the Customer Award as the No.1 Scooterette by Autocar CNBC Awards. TVS Motor Company’s concept bike named ‘Qube’ was chosen as the Concept Bike of the Year by Overdrive.

Source: Press release distribution via India PRwire

The sponsors of the fund are the TVS Group and Shriram Group. Mr.R.Thyagarajan, founder of Shriram Group, said, “The TVS Group and Shriram Group share a similar vision and passion for nurturing entrepreneurship in mid-cap businesses from across India, and we are very excited about the partnership to launch this private equity fund.”

Mr. Gopal Srinivasan, Chairman and Managing Director, TVS Capital Funds Ltd, said, “ The fund raising activity for TVS Shriram Growth Fund is nearing completion of its target mobilization of Rs.500crores from institutional investors, High Net worth individuals, sponsors, the Board of Directors and the team associated with the fund. We are really excited as we have been able to raise this capital during difficult capital markets environment, which reinforces the investor’s trust in the TVS Group and Shriram Group. Despite the recent stock market volatility, the private equity segment has seen 151 deals aggregating to Rs. 23,100crores in the first 5 months of 2008, compared to 140 deals totalling Rs.16,400crores during the same period of 2007. Historically, private equity funds that have started during market downturns have outperformed funds that have invested in bull market years.”

The fund will be a strategic growth partner that understands the nuances of building businesses and can offer a range of management expertise and professional services along the expansion path. According to Gopal, “TVS and Shriram Groups will bring a proven business culture, infrastructure, and a wide network of relationships across several sectors and geographical regions to the nextgen entrepreneurs of India.”

Globally, several mid-cap businesses are family-owned/founder-managed businesses with a unique culture. These businesses are looking for a trusted partner to help them build a strong professional management team, increase transparency in their business, better manage succession planning, achieve liquidity, and build a stronger business. TVS Group is a fourth generation family business and has good understanding of family business culture, along with its reputation for values, integrity, and long term value creation, which provides the fund a compelling advantage.

The fund will target investee companies with the following characteristics:

· Mid-cap companies with revenues of Rs. 30 to Rs.250crores

· Proven business models that require growth equity capital

· Investments in sectors with consumer consumption theme

· Focus on emerging Tier II, III cities and metros

· Significant minority stake with active participation on the Board

· Investment size of Rs.10 to Rs.50crores

The fund intends to target investment opportunities in consumer consumption driven sectors, such as health care delivery, privatised education, hospitality, speciality retail, food & agro, and consumer media and entertainment. For example, media & entertainment sector is estimated to be Rs. 50,000crores approximately and is growing at 18% CAGR , and organised retail is estimated to be Rs. 75,000crores and is growing at over 50% CAGR. The fund will focus on sub-sectors that have a developmental theme, such as organising an unorganized sector, offering high quality products and increased choices to consumers or development of the entrepreneur and enterprise. The fund believes that providing growth capital to these opportunities can lead to disruptive growth and produce high returns.

Suresh Raju, Executive Director, said, “With a large and growing consumer base, rising incomes and changing lifestyles, India is expected to become the world’s 5th largest consumer market over the next couple of decades, and this fund is designed to tap this opportunity. Nearing completion of the first milestone of mobilising the Rs.500crores of capital, the focus has shifted to investing in 6 to 8 companies over the next 12 months, targeting opportunities primarily in Tamil Nadu, Andhra Pradesh, Karnataka, Kerala, Maharashtra, Gujarat and National Capital Region (greater Delhi area).”

TVS Capital Funds Limited has assembled a top notch team with relevant experience. Gopal, as Chairman & Managing Director, brings more than 25 years of entrepreneurial and operational experience. Gopal has incubated eight businesses, and has successfully scaled the operations or exited these businesses. Suresh Raju, Executive Director, brings several years of global investment banking experience across M&A, equity/debt financing and private equity deals. In addition, he brings four years of operational experience. The team includes a Principal, who has over 10 years of entrepreneurial experience, a Controller & Risk Manager, who brings over 10 years of accounting and audit experience, and three associates/analysts.

A broad, diversified Board of Directors brings global experience and deep operational expertise to guide the team in scaling businesses. The Board of Directors includes:

· Professor C. K. Prahalad, University of Michigan

· R. Thyagarajan, Founder, Shriram Group

· Lakshmi Narayanan, Vice Chairman, Cognizant

· Kenneth Tai, the Chairman & Co-Founder of Investar Capital, Co-Founder of Acer Computer

· Dr. Sridhar Mitta, MD & CTO, e4e India

· H.Lakshmanan, ED, Sundaram-Clayton

In addition, the team includes proven professionals with deep operation experience on a part-time basis, as Venture Partners, to help mentor the entrepreneur and provide operational support. Pradipta K. Mohapatra has joined as a Venture Partner and brings extensive consumer consumption, FMCG and retail industry expertise, as he was responsible for pioneering India's entry into modern organized retailing through Foodworld, Musicworld, Health & Glow and Giant Hypermarkets. Ravi Shankar, Ex-Partner, Head Corporate Finance (South), E&Y, has joined as a Senior Advisor – Business Development to help set up the deal sourcing infrastructure and advise the team on investment structuring and execution.

Gopal said, “TVS Capital Funds intends to raise an additional corpus of $125million (Rs.500crores) over the next twelve months from offshore investors to attain a total fund size of Rs.1000crores. The team composition and success in raising capital in a short duration gives all of us great momentum to carry forward and achieve our goals. In the future, we intend to mobilize sector specific funds.”

Source: Press release distribution via India PRwire

About TVS Group

TVS Group, is one of India’s respected business conglomerates with over Rs.16,000 crores in sales and over 30,000 employees. TVS Group originated as a transport company in 1911 and it now comprises of around thirty companies that operate in a wide range of industries, including automotive component manufacturing, automotive dealerships, finance, distribution, retail and technology/IT. For additional information, please visit: www.tvsiyengar.com

About Shriram Group

“Helping Create Wealth.” “Empowering people through prosperity.” The relentless pursuit of this mission, since inception in 1974 has given the Shriram Group raison d'être and the distinct identity. The Group’s reputation for effectiveness, transparency and integrity has helped it to become one of India’s large financial services networks. The Shriram Group’s financial services businesses manage assets exceeding Rs. 20,000 crores, boast 45 lakhs clients, served by 80,000 agents and 15,500 employees, through nearly 1,200 branches across India. For additional information, please visit: www.shriram.com

For additional information please contact us by email through enquiries@tvscapital.in or visit us on the web at www.tvscapital.in

The total income of the Company has registered a growth of 16% compared to the previous year from Rs.10973.36 Lacs to Rs. 12741.96 Lacs. The Net Profits have grown by about 39% to Rs. 1938.63 Lacs compared to the previous year. The significant improvement in the Net Profits of the Company is on account of effective utilization of raw materials and decrease in manufacturing expenses on account of better utilization of resources.

While the Auto business division of the Company contributed around 92% of the Company, White Goods division, electrical and construction division contributed the remaining 8 % of the Turnover. During the year the installed capacities of the Company increased from 47.50 Lakh KG to 59.00 Lakh Kg mainly on account of setting up of Electrical Mainline Division at Badarpur New Delhi. This division has received its first commercial order from its Australian Collaborator and deliveries against these have started from the month of January, 2008.

During the Financial year 2007-08 the Company was awarded for Outstanding Performance in the category of Cost by Honda SIEL limited. Toyota Kirloskar Motors Limited gave the Best Vendor Award to the Company in the Category of Cost, Quality, Zero PPM and Best Quality Supplier (Delhi Region).

The New Plant at Surajpur Industrial Area, Greater Noida, UP for which funds were raised through an IPO during the year, is in advanced stage of implementation and commercial production at this plant is expected by September, 2008

PPAP is a leading manufacturer of high quality automotive sealing systems and exterior products in India. The company has six state of the art manufacturing facilities, which are located in New Delhi and Noida UP. All the plants are TS 16949, ISO 14001 and OHSAS 18001 certified. PPAP's core competence is in Plastic Extrusion and Injection molding.

In association with Tokai Kogyo Co. Ltd. (Japan), the Technical Collaborator of the company, today PPAP is the single biggest supplier of Automotive Sealing Systems, Profiles And Extrusions to Maruti Udyog Limited (The Biggest Automobile Manufacturer in India), Honda SIEL, Krishna Maruti, Toyata Kirlosker, TS Techson, Fiat India And General Motors India Limited. The automotive product range includes Weather-strips, Body Side Moldings, Roof Trims and Moldings, Windshield Moldings, Quarter Window Trims, Door Opening Trims and Fuel Hoses.

PPAP is also the largest OEM supplier of Rigid PVC Extrusions to all the Refrigerator and Visi-cooler (Commercial Refrigerators) manufacturers in India. In addition the company also caters to the furniture, electrical, building and construction industry. This product range includes refrigerator bottle-shelf and wire-shelf trims, Visi-cooler Door and Thermal Breaker profiles, Chest-freezer Profiles, Rolling Shutter Profiles (Tambour Door profiles), Door Sash, Extruded parts with decorative foil and various other post extrusion processes. In this field again, the company has managed to secure an 'Excellent' quality rating from OEM's such as Carrier, Electrolux, Godrej, Videocon, Voltas and Blue Star etc.

PPAP's export division supplies customized extruded parts to various industries overseas. These products are being exported to many countries such as the UK, Australia, New Zealand, France, Italy, countries in the Middle East etc.

Source: Press release distribution via India PRwire

About Precision Pipes & Profiles

Established in the year 1978 as partnership Firm with the name of M/s Precision Pipes and Profiles Company and converted into a Public Limited Company in the year 1995 with the name of Precision Pipes and Profiles Co. Ltd. (PPAP) (a CRISIL SME1 Rated Company). PPAP is the principalmanufacturer of Specialized Profiles and Extruded Products in India and supplies to Original Equipments Manufacturers (OEM’s) working in association with companies around the world to create products that satisfy a host of customer requirements. T he Company has never looked back since its inception and soon went on to become the largest, single source supplier of Import substitution products for the automobile and white goods industry.

In association with Tokai Kogyo Co. Ltd. (Japan), the Technical Collaborator of the company, today PPAP is the single biggest supplier of Automotive Sealing Systems, Profiles And Extrusions to Maruti Udyog Limited (The Biggest Automobile Manufacturer in India), Honda SIEL, Krishna Maruti, Toyata Kirlosker, TS Techson, Fiat India And General Motors India Limited. The automotive product range includes Weatherstrips, BodySide Moldings, Roof Trims and Moldings, Windshield Moldings, Quarter Window Trims, Door Opening Trims and Fuel Hoses.

“Once again, the enormous model diversity of our eight brands has proved itself in an ever more difficult market environment. Both for the month of May and for the period January to May, demand for our cars has developed significantly better than the total industry on European markets, where overall demand is weakening,” said Detlef Wittig, Executive Vice President, Group Sales and Marketing, commenting on the Group’s delivery figures.

In Europe, the Group delivered 1.55 million vehicles (+2.0 percent) to customers, while the Group’s eight brands sold 432,700 vehicles (+4.1 percent) in Germany.

In Western Europe(excluding Germany), 886,000 vehicles were delivered to customers (-2.5 percent), while 229,500 vehicles were delivered to customers in Central and Eastern Europe, an increase of 18.6 percent compared with the same period last year.

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The Volkswagen brand, the Group’s highest volume brand, delivered 1.57 million vehicles(+6.7 percent) from January to May. Audi delivered 426,200 vehicles (+1.5 percent) and Skoda delivered 301,500 vehicles (+18.4 percent). Seat delivered 170,100 vehicles(-5.9 percent). Deliveries by Volkswagen Commercial Vehicles totaled 216,400 units, a rise of 13.4 percent. Bentley delivered 4,000 models to customers, Bugatti 25 andLamborghini 1,100.

The new company will invest Rs.100 crore in setting up a new Greenfield facility at Bangalore, Karnataka for the purpose. The commercial productionwill coincide with the roll out of the Toyota new strategic small car from its second plant, which is slated to begin in 2010. The company has already got a LOI from Toyota Kirloskar Motors Limited for the supply of Seat Belts, Locks and Switches.

Speaking on the signing ceremony in Japan, Mr. Nirmal K Minda, Chairman and Managing Director, NK Minda Group said, “This new JV with Tokai Rika cements an already existing relationship and marks another important milestone in our journey to become a recognised global player with emphasis on technology and development.”

Mr. K Kinoshita, President, Tokai Rika said, “We have strong ties with NK Minda Group from the past decade. The new JV will build upon our existing relationships with OEM’s and the trust that Minda Brand enjoys in India.”

NK Minda Group and Tokai Rika already have a JV, Minda Rika Pvt. Ltd. (MRPL) for the manufacture of automotive switches for 4 wheelers and Mirrors. MRPL has a 50% market share in 4 wheeler switches and has a turnover of more than Rs.130 crore. The NK Minda Group holds 60% in MRPL while Tokai Rika has 35% the balance 5% being held by Sumitomo of Japan.

Source: Press release distribution via India PRwire

About NK Minda Group

The NK Minda Group is already manufacturing 2,3 wheeler and off road vehicle switches, 4 Wheeler switches, Lighting for 2,3 and 4 wheelers, CNG/LPG kits, Horns for 2,3 and 4 wheelers, Mirrors, Automotive Batteries, Blow Moulding Parts, and Body Control Units (BCU). It has 19 manufacturing facilities spread across India and one in Indonesia. The group has a 70% market share in 2 wheeler switches, 50% in 4 wheeler switches, 45% in horns, 80% in CNG/LPG kits for OEM’s, 15% in lighting.

About Tokai Rika

Established in 1948, Tokai Rika, Japan is an over US $4 billion Toyota group company and its major customers include – Toyota Motor Corporation, Daihatsu, Hino, Mitsubishi, Suzuki, Mazda, Honda, Nissan, GM, Daimler Chrysler, Ford, Volvo, Saab, Isuzu, Fuji Heavy industries Ltd., etc. The company manufactures Automotive Switches, Locks and Keys, Seat belts, Shift levers, electronic parts, steering wheels, connectors, mirrors, plastic wheel covers, ornaments and household electrical appliances.

“Eaton’s hybrid power systems have earned the company recognition as a global leader in alternative power for commercial vehicles, and we are pleased to accept this prestigious honor from CALSTART,” said Jeff Krakowiak, Eaton senior vice president – sales and marketing. “As a power management company, Eaton is focused on providing products and services that help our customers use power more efficiently and responsibly. Our hybrid innovations are part of a global commitment to sustainability that extends throughout Eaton’s electrical, hydraulics, aerospace, truck and automotive businesses.”

Eaton is the only manufacturer producing both hybrid electric and hybrid hydraulic systems, including the Hydraulic Launch Assist (HLA®) parallel hybrid system. This breadth of technology was a driving force behind Eaton’s winning the Blue Sky™ Award and is a key advantage for customers who are able to select the system best suited to their business and market needs.

Customers using Eaton hybrid power systems in their fleets include FedEx Express, UPS, Coca-Cola Enterprises, PepsiCo and Guangzhou Yiqi Bus Company. In addition, Peterbilt, Kenworth, International and Freightliner currently offer Eaton diesel-electric hybrid drives as a production option in North America. Depending on hybrid application and driving patterns, reported fuel savings range from 30 to 60 percent, with similar reductions in harmful emissions and particulates.

“Eaton truly deserves this credit for its pioneering clean transportation technology work and for the company’s commitment to developing – and then taking to market – cutting-edge solutions for the transportation industry,” said John Boesel, president and chief executive officer of CALSTART.

Other Eaton technologies that help customers conserve energy and manage power include advanced lighting control systems for commercial buildings, uninterruptible electrical power systems for data centers, high-pressure hydraulics for the aerospace industry, and fuel-efficient automotive superchargers.

Source: Press release distribution via India PRwire

CALSTART is a participant-supported organization of more than 150 firms and organizations worldwide, dedicated to expanding and supporting a high-tech transportation industry that cleans the air, creates jobs, reduces greenhouse gas emissions and improves energy efficiency. More information is available at www.calstart.org.

Eaton Corporation is a diversified industrial manufacturer with 2007 sales of $13.0 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; hydraulics, fuel and pneumatic systems for commercial and military aircraft; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 79,000 employees and sells products to customers in more than 150 countries.

Planet earth – is unique as it is the only known planet in the infinite universe that supports life. Keeping this in mind, RSB Group celebrated World Environment Day on 5th June 2008 across all plant locations. The celebrations were started off by introducing World Environment Day with a presentation and short film to all its employees and by a plantation drive -planting 50 trees across each RSB plant. Even a PUC Monitoring of all vehicles in the company was done as a part of the save our environment drive.

On the Occasion Mr. R.K.Behera, Chairman, RSB Group, said -“I urge, that we all in our own little ways, individually and collectively, both in our professional and personal lives should endeavor to conserve our fragile environment. We should not waste and pollute precious resources like air, water, soil, fuel, electricity and material” He also said, “We should regenerate the environment by planting and nurturing trees wherever we can. & do whatever is humanely possible to save our environment and give our children a chance to live”

Today, human beings, the most intelligent species, out of greed to grab all the development and benefits in our lifetime, are recklessly exploiting the NATURAL RESOURCES. Much to the discomfort the harm caused by it is evident with the growing amount of Impure air, shortages of water, floods, droughts, declining soil fertility, rising temperature and ultra violet radiations. If humans do not change their habits, then in not too distant future, the damages caused to the NATURE will become so huge that NATURE will revolt with its fury and bring untold miseries and the world may cease to exist in the form which it is taken as granted today.

Industrial development is necessary for a better standard of living, it is required to wipe out hunger and bring a smile on the face of every human being, but it is required to maintain a balance. It is important for everyone to conserve and prolong the life of the non-renewable resources so that the harmful impact is minimal and tolerable and the tenure of life form on our beautiful planet is extended as much as possible. In short it is time to embrace sustainable development practices and encourage and motivate everybody to adopt this practice.

Source: Press release distribution via India PRwire

RSB GROUP is India’s leading engineering and automotive systems & components manufacturing business house catering Promoted by Mr. RK Behera and Mr. SK Behera, the Group started its operations way back in 1975 with its flagship company International Auto. Today, with the turnover figure of Rs. Seven Hundred Fifty Crores, RSB Group is one of the largest engineering and automotive components manufacturing entities in the country. The group’s core capabilities range from design to manufacturing of aggregates and systems related to commercial vehicles, passenger cars, construction equipments, farm and off-highway equipments as well as trailers. RSB Group comprises of RSB Transmissions (I) Ltd, International Auto Ltd, i-Design Engineering Solutions Ltd & i Vitesse India and Miller Bros, Mfg. Co. in US.

The seminar was organized as part of the Clean Air for Bangalore campaign, a project started in November 2004 by Bosch. This aims to promote clean environment & health through reducing automotive emissions by educating the stakeholders about clean air technologies, scientific maintenance of vehicles, Government initiatives and motivating voluntary commitments towards clean air cause.

Shri B S Yeddyurappa, Hon’ble Chief Minister of Karnataka, graced the seminar and unveiled a booklet on Clean Air Bangalore. Dr. R. Chidambaram, Principal Scientific Advisor to the Government of India was the Chief Guest for function and gave the visionary address. The keynote address was delivered by Shri Shyam Saran, Special Envoy of the Prime Minister of India to the Climate Change.

Other speakers at the seminar included Dr. Gerhard Ziegler, Vice President (Engineering & Applications), Bosch Limited, Dr. T. S. Panwar, Director, TERI, Dr. B. Sengupta, Member Secretary, Central Pollution Control Board, Dr. Herman Weltens, Diesel Exhaust Systems GmbH, Mr. Juergen Bischoff, Director, GTZ India, and Mr. K. Ravi, Vice President, Sales Automotive Aftermarket, Bosch Limited.

The speakers at the seminar called on the vehicle manufacturers to work towards cleaner engines and requested the policy makers to implement stringent emission norms.

Source: Press release distribution via India PRwire

About Bosch Group

The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 271,000associates generated sales of 46.3billion euros in fiscal 2007. The Bosch Group comprises Robert Bosch GmbH and its more than 300subsidiaries and regional companies in roughly 50countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Each year, Bosch spends more than 3billion euros for research and development, and applies for over 3,000patents worldwide. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.”

The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert BoschGmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch IndustrietreuhandKG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert BoschGmbH.

Additional information can be accessed at www.bosch.com.

About Bosch in India:

In India, Bosch is a leading supplier of technology and services in the areas of automotive and industrial technology, consumer goods and building technology. Additionally, Bosch also has in India, the largest development centre, outside Germany, for end to end engineering and technology solutions.

The Bosch Group operates in India through four companies, viz, Bosch Limited, Bosch Chassis Systems India Limited, Bosch Rexroth India Limited and Robert Bosch Engineering and Business Solutions Limited. Bosch Limited operates in Automotive Technology, Industrial Technology and Consumer goods & Building Technology business sectors.

Bosch set up its manufacturing operation in India in 1953, which has grown over the years to 11 manufacturing sites and 4 development centres employing some 18000 associates and generating a consolidated revenue of over Rs. 5700 crores in 2007.

Additional information can be accessed at www.boschindia.com

Hyundai has been doing a lot of CSR activities under Hyundai Motor India Foundation (HMIF). On domestic sale of each Hyundai car, a sum of Rs. 100/- is being donated to HMIF and the same has been spent for CSR activities. Recently, Hyundai has adopted Government I.T.I. Ulundurpet and has been developing the same with latest training equipments to ensure better and focused training to the students. Hyundai has a long term plan to provide job opportunities to its students.

As part of its community health services, it has tied-up with Ramachandra Hospital at Porur to take medical facilities to the doorstep of the poor and the needy by arranging a Mobile Medical Van that consists of medicines, multi specialty doctors along with. This van to ply around the villages in Kanchipuram and Thiruvallur districts to reach patients and treat them on a daily basis.

Source: Press release distribution via India PRwire

Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company, South Korea and is the second largest and the fastest growing car manufacturer in India. HMIL presently markets 30 variants of passenger cars across segments. The Santro in the B segment, the Getz Prime and the i10 in the B+ segment, the Accent and the Verna in the C segment, the Sonata Embera in the E segment and the Tucson in the SUV segment.

Hyundai Motor India, continuing its tradition of being the fastest growing passenger car manufacturer, registering total sales of 327,160 vehicles in the calendar year (CY) 2007, an increase of 9.2 percent over CY 2006. In the domestic market it clocked a growth of 7.6 percent as compared to 2006 with 200,412 units, while overseas sales grew by 11.8 percent, with exports of 126,748 units.

HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts of the most advanced production, quality and testing capabilities in the country. In continuation of its commitment to provide the Indian customer with global technology, HMIL has set up its second plant, which produces an additional 300,000 units per annum, raising HMIL’s total production capacity to 600,000 units per annum.

HMIL is investing to expand capacity in line with its positioning as HMC’s global export hub for compact cars. Apart from expansion of production capacity, HMIL plans to expand its dealer network, which will be increased from 230 to 300 this year.

The year 2007 has been a significant year for Hyundai Motor India. It achieved a significant milestone by rolling out the fastest 400,000th export car. Hyundai exports to over 90 countries globally; even as it plans to continue its thrust in existing export markets, it is gearing up to step up its foray into new markets. The year just ended also saw Hyundai Motor India attaining other milestones with the launch of the i10 and yet another path-breaking record in its young journey by rolling out the fastest 1,500,000th car.

Hyundai’s new model i10 which made its global debut here in India in October, 2007 made a clean sweep of all the ‘Car of the Year 2008’ awards from the leading automotive magazines and TV channels like BS Motoring, CNBC-TV18 AutoCar, NDTV Profit Car & Bike India and Overdrive magazine. The i10 is also the choice of the discerning automotive media of the country as they conferred the prestigious ‘Indian Car of the Year’ (ICOTY) award to the i10 as well. The i10 bagged these awards on the basis of excellence in build quality, handling, driver comfort, safety and ride quality.

The Santro and the Accent also received the ‘TNS Voice of the Customer - 2008’ award for the Premium Compact Car (Santro) and the Entry Mid size Car (Accent). In March 2008 it achieved yet another milestone by rolling out the fastest 500,000th export car.

Last year, the Hyundai Verna bagged some of the most prestigious awards starting with the title of "Car of the Year 2007" by India`s leading automotive publication – Overdrive, the “Best Mid-size Car of the Year” award by the NDTV Profit Car & Bike India Awards 2007, the “Best Value for Money Car” by the CNBC Autocar Auto awards and ‘Performance Car of the Year 2007’ from Business Standard Motoring.

Hyundai cars have been a favorite at all awards ceremonies and have always been winning awards. Our models like Sonata Embera won the ‘Executive Car of The Year 2006’ award from Business Standard Motoring Magazine and NDTV Profit Car & Bike India declared the Tucson as the ‘SUV of The Year 2006’. Not only this, HMIL has also been awarded the benchmark ISO 14001 certification for its sustainable environment management practices.

These two excitingly designed, limited edition scooters, which are inspired by contemporary, classic and sporty imagery of ‘the Spirit of Wimbledon’ have been brought out as part of TVS Motor Company’s one year agreement with the All England Lawn Tennis Club (AELTC), as an official licensee for Wimbledon Tournaments.

“A growing trend of sports and fitness consciousness amongst young girls is being reflected in fashion trends today. Young women tend to identify with tennis stars, who continue a long legacy of being style and fashion icons as well.” said
S Srinivas General Manager, Marketing, TVS Motor Company. “To this end, we have launched the limited edition Wimbledon Collection as a tribute to women with sporty attitude. Buyers of the ‘Wimbledon Classic’ and ‘Wimbledon Compete’ will get a complementary Scooty-Wimbledon sweatshirt and a sporty sling bag. Being a limited edition, the Wimbledon collection comprising of 10,000 scooters only, will retail at a premium of Rs.1599 over regular colors” he added.

The Wimbledon Collection endorses the fact that Scooty Pep+ is a brand that is known for style innovations and remains the most exciting two-wheeler brand for young girls. Each color in its repertoire allows the girl to express her unique style and personality. Girls can choose from Perky Pink, or Mystic Mauve or from our range of 99 colours that are customized just for her!

Source: Press release distribution via India PRwire

In his new capacity, Mr. H S Goindi will be responsible for sales, service and marketing of two-wheelers in India, along with his existing responsibilities for International Business and Three Wheelers.

Mr. R Chandramouli is venturing into new pastures after a 19-year tenure of distinguished service with TVS Motor Company. During his term of service with the company, he has established excellent business relationships with dealers and has built a very good sales and service organization, recording excellent growth in sales volumes. His leadership and contribution during difficult transition phases in the company has been highly noteworthy.

Source: Press release distribution via India PRwire

During the month, the company’s motorcycle sales posted 10% growth recording 54,717 units in comparison to 49,651 units recorded in May 2007. The recently launched variant of Apache RTR has contributed handsomely to the growth of motorcycle sales of the company, reporting 60% growth in its segment over the last year. This motorcycle sports new aerodynamic tank scoops, which add to the visual appeal and coerces direct airflow on to the engine to keep it cool. The company has also introduced data logging for the first time in the country in the new Apache RTR.

Exports continued its upward growth trend, recording a record increase of approximately 43% registering 14,071 units of two wheelers in May 2008 as against 9,849 units in the corresponding period of the previous year.

The company will introduce two new scooters, designs of which will be inspired by the spirit of Wimbledon to coincide with the forthcoming Wimbledon season, TVS Motor Company having signed up with the All England Lawn Tennis Club (AELTC) as a licensee. The much awaited the launch of the Fuel Injection variant of the Apache RTR will take place during this month. Innovative technology, elegant design and excellent ride dynamics make the Apache RTR EFI a new showcase of technology.

Source: Press release distribution via India PRwire

Kevin Abdulrahman is the international author of THE BOOK™ on Winning The Game Of Life. In his book, he shares timeless principles of how successful people operate in any aspect of their life. It is these principles that separate them from the masses that simply work hard and FAIL.

So how does a Ferrari come into all this?

Rami Abdulrahman (a 22 year old ideas guy) woke Kevin Abdulrahman up with a crazy idea one Sunday morning, and within moments, they decided to give their Ferrari away to a lucky reader that’s taken the action to invest in themselves and getting a copy of THE BOOK on Winning The Game Of Life.

The brothers are making history by giving away their yellow F1 Ferrari Modena, a stunner to say the least.

www.WinourFerrari.com

Rami Abdulrahman comments: We always have people joke with us saying ‘why are you driving my car?’ or ‘please return my car once you have taken it for a spin’. Now we are giving one lucky reader the opportunity to do just that, take our Ferrari and make it theirs.

THE BOOK™ on Winning The Game Of Life is endorsed by experts in the field of personal growth such Dr. Denis Waitley, International Best Selling Author of "The Psychology of Winning", Brian Tracy – Leading Self Development Author of The Way to Wealth, and Tom BIG AL Schreiter, Leading Network Marketing Expert.

It is a must read for anyone wanting to get their gold out of their goldmine and in the process have the chance to win a Ferrari.

The brothers and the Ferrari are based in New Zealand, but anyone from anywhere in the world could potentially win it. Every purchase of THE BOOK™ on Winning The Game Of Life gives the smart reader one entry for the chance to win their Ferrari. www.WinOurFerrari.com

Source: Press release distribution via India PRwire

Investing in your mind could give you the chance to win a Ferrari. A world FIRST!

www.WinOurFerrari.com By TBL publishing

The TVS Scooty Wimbledon Collection, namely, Wimbledon Class and Wimbledon Xtreme will be launched to coincide with the Wimbledon season, beginning June. While the former is a classic rendition of the Wimbledon colours, pristine white with purple and green flow-strokes, the latter is an exciting red bike with ‘never-before’ graffiti art that captures the sheer excitement of tennis!

“At TVS, we constantly study the leading style and fashion trends in India and abroad to assist the development of our themes every season. We observed that there is a growing trend of sports and fitness consciousness amongst young girls that is being reflected in fashion trends. They tend to identify with the tennis stars, who continue a long legacy of being style and fashion icons” said S Srinivas, General Manager Marketing, TVS Motor Company.

“The TVS Scooty Wimbledon Collection, comprising of 10,000 scooters is being brought out as a tribute to women with sporty attitude. Buyers of the Scooty Pep+ Wimbledon collection will get a complementary Scooty-Wimbledon sweatshirt and a sporty sling bag. Being a limited edition, the Wimbledon collection will retail at a premium of Rs.1599 over regular colors. ” he added.

The Wimbledon Collection endorses the fact that Scooty Pep+ is a brand that is known for style innovations and remains the most exciting two-wheeler brand for young girls. Each color in its repertoire allows the girl to express her unique style and personality. Girls can choose from Perky Pink, or Mystic Mauve or from our range of 99 colours that are customized just for her!

Source: Press release distribution via India PRwire

ZZEBRA is an independent communication company based in Mumbai (erstwhile Bombay) with Regional Headquarters in India’s top cities – New Delhi, Bangalore, and Chennai. The Zzebra network also covers Kolkata, Bangalore, Hyderabad, Ahmedabad, and Pune. Founded in 2003, the core team of the firm includes CP Thomas, Pooja Chaudhri, and Prashant Shivram.

For Further Details Please contact :
Gaurav Gupta : + 91- 9833994227, gaurav@zzebra.net
Ashwin Chandrasekhar: +91-9892367006, ashwin.c84@gmail.com

The event today was kicked off with cultural program and magic show by television fame ‘Badava’ Gopi and his team and an inspiring opening speech by Mr. H.S. Lheem, Managing Director, HMIL. In his address Mr. Lheem thanked each member of the families for their continuous support and cooperation to HMIL in achieving several prestigious landmarks in the automobile industry. He stated that the organization heading towards ‘number-one’ position in India and he credited this success to the employee community that thriving hard to achieve renovated goals.

It was a true family affair as family members of more than 175 employees were converged at the auditorium to participate in the various programs filled with fun and frolic. The day was filled with enthusiasm and laughter, as the staff and their family members participated in competitions. All the families walked home with attractive prizes and mementos presented by the company.

Source: Press release distribution via India PRwire

Hyundai Motor India (HMI) is a wholly owned subsidiary of Hyundai Motor Company, South Korea and is the second largest and the fastest growing car manufacturer in India. HMI presently markets 30 variants of passenger cars across segments. The Santro in the B segment, the Getz Prime and the i10 in the B+ segment, the Accent and the Verna in the C segment, the Sonata Embera in the E segment and the Tucson in the SUV segment.

Hyundai Motor India, continuing its tradition of being the fastest growing passenger car manufacturer, registering total sales of 327,160 vehicles in the calendar year (CY) 2007, an increase of 9.2 percent over CY 2006. In the domestic market it clocked a growth of 7.6 percent as compared to 2006 with 200,412 units, while overseas sales grew by 11.8 percent, with exports of 126,748 units.

HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts of the most advanced production, quality and testing capabilities in the country. In continuation of its commitment to provide the Indian customer with global technology, HMIL has set up its second plant, which produces an additional 300,000 units per annum, raising HMIL’s total production capacity to 600,000 units per annum.

HMIL is investing to expand capacity in line with its positioning as HMC’s global export hub for compact cars. Apart from expansion of production capacity, HMIL plans to expand its dealer network, which will be increased from 230 to 300 this year.

The year 2007 has been a significant year for Hyundai Motor India. It achieved a significant milestone by rolling out the fastest 400,000th export car. Hyundai exports to over 90 countries globally; even as it plans to continue its thrust in existing export markets, it is gearing up to step up its foray into new markets. The year just ended also saw Hyundai Motor India attaining other milestones with the launch of the i10 and yet another path-breaking record in its young journey by rolling out the fastest 1,500,000th car.

Hyundai’s new model i10 which made its global debut here in India in October, 2007 made a clean sweep of all the ‘Car of the Year 2008’ awards from the leading automotive magazines and TV channels like BS Motoring, CNBC-TV18 AutoCar, NDTV Profit Car & Bike India and Overdrive magazine. The i10 is also the choice of the discerning automotive media of the country as they conferred the prestigious ‘Indian Car of the Year’ (ICOTY) award to the i10 as well. The i10 bagged these awards on the basis of excellence in build quality, handling, driver comfort, safety and ride quality.

The Santro and the Accent also received the ‘TNS Voice of the Customer - 2008’ award for the Premium Compact Car (Santro) and the Entry Mid size Car (Accent). In March 2008 it achieved yet another milestone by rolling out the fastest 500,000th export car.

Last year, the Hyundai Verna bagged some of the most prestigious awards starting with the title of "Car of the Year 2007" by India`s leading automotive publication – Overdrive, the “Best Mid-size Car of the Year” award by the NDTV Profit Car & Bike India Awards 2007, the “Best Value for Money Car” by the CNBC Autocar Auto awards and ‘Performance Car of the Year 2007’ from Business Standard Motoring.

The Profit after Tax of MIL for the FY 2007-2008 was Rs.1572.44 lakhs, up from Rs. 1353.52 lakhs for FY 2006-2007, witnessing a marked increase of 16.71%.

The earning per share was Rs. 14.67 in FY 2006-2007, up from Rs. 12.58 in 2006-2007, marking a rise of 16.61 %. The company has also proposed a dividend of 25 %, which is unchanged from last year.

The PAT for the 4th quarter of FY 2007-08 grew to 449.01 lakhs from 273.00 lakhs in FY 2006-07 showing an increase of 64.47%.

Mr. N.K Minda, Managing Director, Minda Industries Limited, says “The last year was a tough one for the entire auto sector and we are not an exception. Though we were able to maintain our topline, the profitability has increased due to various cost cutting measures and increased thrust on productivity”.

Elaborating on the scenario in the current year he said, “The increasing cost of raw materials is a constant source of worry and coupled with high oil prices we feel that the current year is going to be challenging. However the effect of our expansion in the last two years, in capacities and product portfolio, should be visible in the current year which will be the first full year of operation for Batteries, Blow Moulding and our Pantnagar Facility”.

Source: Press release distribution via India PRwire

Forward looking Statement from the Management:

The company has started receiving outsourcing orders from overseas car manufacturers and is confidentof executing these challenging orders. In order to meet theforeign OEM requirements, Minda IndustriesLimited isseriously pursuing overseas acquisitionsto expandits footprintand acquire a larger global customer base.

About Minda Industries Limited:

Minda Industries Limited (MIL) designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lighting and batteries for automobiles (2/3 & 4 wheelers). MIL has also entered into Blow Moulding for which it is setting up a plant at Bidadi near Bangalore in Karnataka, in Technical Agreement with Kyoraku of Japan. MIL is a Rs. 3961 million (US $ 95 million) company and is on a rapid expansion spree. It is geared to take on global competition and is spreading its wings into the ASEAN market where it has already established itself. It is on its way to becoming the favoured vendor for 2/3 wheeler switches and Lighting globally.

Minda Industries has its manufacturing plants in Manesar, Baddi, Pune, Aurangabad, Pantnagar and Bidadi and has over 2800 employees. NK Minda Group also has a manufacturing facility in Indonesia, looking after the ASEAN market.

About NK Minda Group

NK Minda Group is India's foremost manufacturer of a range of automotive components. The Group has an annual turnover of US $ 238 million (over Rs.1000 Crore) and is a leading supplier to Original Equipment Manufacturers.

The NK Minda Group product profile comprises of Switches for 2 / 3 wheelers, switches for 4 wheelers, Lighting, Horns, Batteries, Alternate Fuel kits, Mirrors, Blow Molding, Electronic Starter Motors & Alternators and Electronic BCU’s. NK Minda Group has joined hands with global leaders to constantly fine-tune its offerings and has some of the most reputed automotive component manufacturers as its joint-venture partners. These include Tokai Rika Co. Ltd., Japan; Fiamm S.p.A, Italy; Valeo, France and Kyoraku, Japan.

The company set bold commitments for the LCV business during the five years of Nissan GT 2012:

· Doubling the revenue generated by LCV sales in fiscal year 2012 compared to fiscal year 2007

· Achieving top level customer satisfaction performance in the global LCV market by 2012

At the heart of the business plan is a substantial investment in new products. Nissan will launch 13 all new light commercial vehicles by the end of 2012. As previously announced, Nissan will start LCV sales in Russia in September 2008, and in India and the U.S. during 2010.

“Nissan has grown LCV sales to unprecedented records for the brand, and we aim to become a leading player in the global LCV market by 2012,” said Andy Palmer, Corporate Vice President, Nissan Motor Co., Ltd, LCV Business Unit. “To grow our business further we will continue focusing on the unmet needs of the LCV customers around the world, offering them products that are smart and reliable partners for their daily professional endeavours,” said Palmer.

LCV results in fiscal year 2007 and Value-Up period

In fiscal year 2007 the LCV BU sold 519,703 units globally with a consolidated operating profit (COP) exceeding 8%. The NP300 pickup truck (also sold as the Frontier in selected markets) was the best-selling individual Nissan LCV with 71, 678 units. China was the market with the largest portion of LCV sales (151,088 units) followed by Japan (121, 790 units).

During the Nissan Value Up mid term business plan period (FY2005 - FY2007), the LCV business had been identified for the first time as one of four business breakthroughs. Commitments included growing sales volumes by 40% to 434,000 units and doubling the COP to 8% by the end of fiscal year 2007. Both commitments were exceeded one year early.

For more information on Nissan LCV, please visit www.nissanlcv.com.

Source: Press release distribution via India PRwire

To provide cost effective online advertising, www.autonagar.com is launching additional services for used vehicle dealers to open their online showrooms at autonagar.com in the form of micro sites.

Based on valuable feedback and suggestions from members, users and visitors, Autonagar has developed a new website which provides better user interface and easy browsing.

Now users can reach any specific page of www.autonagar.com with just 4 clicks. With the help of the Quick Search box on the home page, a user can find any used car, bike or truck in just one click by searching keywords like make, model and city.

On the occasion Mr. Suresh Sharma, Founder & CEO of www.autonagar.com said “Since our launch we have learnt a lot from the industry and improved ourselves, the same reflects in the new user interface and design of autonagar.com. We have also launched packages for used vehicle dealers to open their online showrooms to display their inventory online.”

Source: Press release distribution via India PRwire

Autonagar.com is the online marketplace for buying and selling vehicles in India. With dozens of listings, our website makes it easy for you to find the perfect new or used car, bike and other vehicles. You can make educated buying decisions with several of our features. Compare vehicles and read a wide selection of news and reviews. Read our Advice section to maximize your car buying experience. Visit our Forum to read what other buyers are saying about your favorite vehicle. Autonagar.com even does some of the work for you. Our Vehicle Alert feature emails you when your dream car is listed, saving you additional time and effort.

Autonagar.com offers sellers of new and used vehicles an advantage as well. You can feel confident with an Autonagar.com listing. Your vehicle will be posted nationally and will be seen by thousands of motivated buyers. Your listing will also get more space than the traditional newspaper advertisement, giving you a better opportunity to promote your vehicle…and a better chance of being seen!

Autonagar.com. We have your car.

For more information about Autonagar.com, please contact us at

info@autonagar.com

Autonagar.com is venture of Cogent Infoway (P) Ltd.

The key features of Rahee are:-

1. Battery operated
2. No RTO Registration required
3. No License required to drive
4. Pollution Free
5. No Noise

Rahee will weigh around 80 Kilograms and the maximum speed will be 30 kms per hour. With a full charge battery, the bike will run approximately for 40 Kilometers. The vehicle cost is around Rs. 26,000.

RMP Infotec Private Limited with the motto, “Grow With Us” was established with the basic idea of educating and training the common people with latest computer technologies so as to meet with the global standards of Information Technology.

RMP edges to give an ultimate network marketing essence with wider business growth and opportunities. Their vision is to help their distributors to attain the status of financial freedom.

Mr.Rahul Nahar from VRLA & Mr. Jhayaram MRK, National head RMP Infotec Private Limited participated in the Press Conference.

Source: Press release distribution via India PRwire

“Solutions for Automotive Manufacturing” is the theme of the event. It will showcase high-end technology solutions in Robotics, Automation, Engineering Services, Painting and Welding solutions and Machine tools for the Automotive industry.

The four-day event will have displays of technology by automotive technology vendors such as L&T, Siemens, PARI Robotics, Kuka Robotics, Motoman Robotics, Gudel, ABB Robotics, Rockwell Automation, Honeywell Automation, Fraunhofer - Germany, CETIM - France, Jyoti CNC Automation, Electronica Machine Tools, Mitutoyo, etc.

The focus of the event is on technologies for manufacturing and a host of the presentations by eminent speakers from India and abroad on technology subjects of high interest to vehicle manufacturers are an important segment of the show.

Vehicle and component manufacturers will be the principal buying community; or visitors to the show. The event will not display any finished vehicle or component. This is the basic highlight of the event.

There are about 100 participants and 25 technical presentations. A complete list of participants and presentation program is attached.

The visitor community comprises of OEM, third-party manufacturers, Component manufacturers from Tier 1, Tier 2 and Tier 3 manufacturers. Managers from Planning, Quality, Design dept., Production, Capital purchase, Procurement, New Projects heads, Maintenance, R & D dept. heads, Engineers from the assembly line, Technology managers etc. form the core visitor profile.

The Auto Cluster Development and Research Institute (ACDRIL) is located snugly within the rich Chinchwad-Talegaon-Chakan automotive district of Pune, off the Old Mumbai-Pune Highway, making it easily accessible from all over the state and Mumbai.

The ACDRI was established under the Industrial Infrastructure Up-gradation Scheme (IIUS) of the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India along with the local Municipal Corporation, i.e. Pimpri-Chinchwad Municipal Corporation. It is a facility for providing support to Small & Medium Enterprises in the area of common facility, validation, training and market promotional activities especially for the automotive and engineering sector.

The ACDRI complex has 2 Air conditioned Exhibition floors, press & media center, cafeteria and an elegant auditorium for seminars and bilateral meetings. Outdoor exhibit space is available for large / heavy exhibits. There is ample parking space for hundreds of cars.

The event is supported by the Automation Industry Association, and is conceptualized, marketed and executed by Mumbai based Focussed Events.

The exhibition and presentations open at 10.00 AM and close at 7.00 PM for all four days of the event. It is open for trade professionals only from the automotive and engineering segments.

Source: Press release distribution via India PRwire

• Net revenues of 10.824 trillion yen (US $94.62 billion, euro 66.98 billion)
• Operating profit of 790.8 billion yen (US $6.91 billion, euro 4.89 billion)
• Ordinary profit of 766.4 billion yen (US $6.70 billion, euro 4.74 billion)
• Consolidated net income of 482.3 billion yen (US $4.22 billion, euro 2.98 billion)
• Operating profit margin of 7.3%

Nissan sold a record 3,770,000 vehicles worldwide in fiscal year 2007, an increase of 8.2%. In North America, sales were 1,352,000 units, up 1.3%; United States sales were 1,059,000 units, up 3.0%. In Japan, sales were 721,000 units, down 2.5%. In Europe, sales came to 636,000 units, up 17.9%. Sales in General Overseas Markets (GOM) were up 22.1% at 1,061,000 units, surpassing the 1-million mark for the first time.

In fiscal year 2007, Nissan released 11 all-new models globally: Livina, X-TRAIL, Altima Coupe, Atlas truck, Aprio, Infiniti G37 Coupe, Rogue, GT-R, Infiniti EX luxury crossover, Murano and a single-cab version of the Frontier Navara pickup truck.

The company’s net automotive cash position stood at 180.3 billion yen (US $1.58 billion, euro 1.12 billion) at the end of fiscal 2007. As originally planned at the start of Nissan Value-Up, Nissan will propose a 20-yen-per-share year-end dividend at the company’s annual shareholders’ meeting in June, for a full-year dividend of 40 yen per share for fiscal 2007.

“In a challenging and volatile environment, Nissan demonstrated that it has reached the maturity to deliver a high level of performance,” said Nissan President and CEO Carlos Ghosn.

Nissan GT 2012

Nissan also released an outline of its new five-year business plan called “Nissan GT 2012,” which covers the period from April 1, 2008, to March 31, 2013. With “G” for growth and “T” for trust, this new plan is focused on the company’s long-term performance combined with its responsibilities to stakeholders as a significant global business.

Nissan GT 2012 contains corporate commitments and business breakthroughs. The three commitments are:

1. Quality leadership: In addition to focusing on product quality, the company will continue and accelerate actions to improve service, brand and management quality.

2. Zero-emission vehicle leadership: Nissan will introduce an all-electric vehicle in the U.S. and Japan in 2010 and then mass-market vehicles to consumers globally in 2012.

3. Five percent revenue growth on average over five years (FY2008 to FY2012): Revenue growth will be supported by a product plan that will launch 60 all-new models in the next five years and more than 15 new technologies every year from 2009.

The three commitments of Nissan GT 2012 will be backed by five business breakthroughs:

· Quality leadership

· Zero-emission vehicle leadership

· Business expansion: Infiniti, Light Commercial Vehicles and global entry cars

· Market expansion: India, Middle East, Brazil, Russia and China

· Cost leadership

“Nissan GT 2012 reflects the determination of our company to play a major role in the development of a sustainable mobile society,” commented Ghosn. “There’s a balance to be sought between the potential growth in world markets and the demand for a cleaner planet. We are convinced that the mass availability of affordable zero-emission vehicles is the most significant breakthrough our industry could deliver, and, together with Renault, Nissan intends to be the breakthrough leader.”

FY2008 outlook

The global sales forecast for fiscal 2008 is 3.9 million units. The main contributions to volume growth will come primarily from GOM and Russia. Nissan will launch nine all-new products during fiscal 2008: Teana, Infiniti FX, Maxima, Bakkie successor, Qashqai+2, a mini SUV, Cube, Z and Infiniti G37 Convertible.

In 2008, principal external risks are high commodity and energy prices, volatile foreign exchange and weakening mature automotive markets.

Based on the company’s outlook and assuming foreign exchange rates of 100 yen/dollar and 155 yen/euro, Nissan filed the following forecast for the fiscal year ending March 31, 2009, with the Tokyo Stock Exchange:

· Consolidated net revenues of 10.35 trillion yen (US $103.50 billion, euro 66.77 billion)

· Operating profit of 550 billion yen (US $5.50 billion, euro 3.55 billion)

· Ordinary profit of 545 billion yen (US $5.45 billion, euro 3.52 billion)

· Net income of 340 billion yen (US $3.40 billion, euro 2.19 billion)

Note 1: Amounts in dollars and euros for the results are translated for the convenience of the reader at the foreign exchange rates of 114.4 yen/dollar and 161.6 yen/euro, the average rates for the fiscal year ending March 31, 2008.

Note 2: For the purpose of comparison with FY2007, FY2006 excludes the one-time fifth-quarter inclusion made in 2006 to harmonize the fiscal years of overseas subsidiaries such as Europe and Mexico.

Source: Press release distribution via India PRwire

code-named ULC with wholesale price range starting from 2500 USD. The new joint-venture company will be 50% owned by Bajaj Auto, 25% by Renault and 25% by Nissan.

Targeting the growing Indian new vehicle market, the ULC will be made at an all-new plant to be constructed in Chakan (Maharashtra state) in India. Initial planned capacity will be 400,000 units per year. Sales will start in early 2011 in India, as a primary market, with growth potential in other emerging markets around the world.

The feasibility has already extended into Joint Product Development and the project is on line to meet targeted performance & cost.

Renault Corporate

The Renault Group generated global revenues of €40,682 million in 2007. It designs, engineers, manufactures and sells passenger and light commercial vehicles throughout the world. The Renault Group is present in 118 countries and sells vehicles under its three brands – Renault, Dacia and Samsung. The Renault Group employs 129,000 people worldwide.

Nissan Corporate

The Nissan Motor Company generated global net revenues of 10.468 trillion yen in 2006. Nissan is present in all major global auto markets selling a comprehensive range of cars, pickup trucks, SUVs and light commercial vehicles under the Nissan and Infiniti brands. Nissan employs over 220,000 people worldwide.

Renault-Nissan Alliance

The Renault-Nissan Alliance, created in 1999, has sold 6,160,046 vehicles in 2007. The Alliance aims to be ranked in the top three in terms of quality, technology and profitability amongst the major global automakers.

Bajaj Auto Ltd.

Bajaj Auto Ltd. is a manufacturer of 2 wheelers & Commercial Vehicles with sales of about 2.5 million Units in FY 08 – with exports of 618,000 units. Bajaj Auto has a strong presence in South Asia, Africa, Central & Latin Americas.

Source: Press release distribution via India PRwire

During the month, the company's motorcycle sales stood at 58,202 units in comparison to 53,499 units recorded in April 2007. In the scooter segment, TVS Scooty recorded 19,034 units inApril 2008 in comparison to 18,798 units in the corresponding period the previous year.

Exports continued its upward growth trend, recording an increase of approximately 41.49% registering 10,213 units of two wheelers inApril 2008 as against 7,231 units in the corresponding period of the previous year.

In keeping with its intention to introduce seasonal limited editions every year, TVS Motor Company has signed up with the All England Lawn Tennis Club (AELTC) as a licensee and will bring out two limited edition scooters, designs of which will be inspired by the spirit of Wimbledon. These scooters will appeal to women with sporty attitude and will be launched to coincide with forthcoming the Wimbledon season.

The company will further strengthen its premium segment with the launch of the Fuel Injection variant of the Apache RTR. Innovative technology, elegant design and excellent ride dynamics make the Apache RTR EFI a new showcase of technology. This bike offers riders the instant thrill with the superior performance of a fuel injected 160cc engine. It will be the first time that the company is offering fuel injection technology in the 160 cc category.

Source: Press release distribution via India PRwire

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"India is a strategic market for the future of Nissan. Not only is there tremendous potential, but Nissan is well positioned to play a key role by delivering attractive, affordable vehicles to Indian consumers," said Carlos Tavares, executive vice president, NML. "Hover is a strategic partner that offers the necessary sales, marketing and dealer development expertise to ensure our success in India."

Hover will focus on delivering value-added services to customers throughout the vehicle ownership lifecycle. "As always, we will build our brand on a foundation of trust, quality and service," added Tavares.

Hover’s activities will complement those of Nissan Motor India Private Ltd. (NMIPL), which will continue to undertake overall business management in India, including corporate planning, product planning and distribution.

“We are excited to have the opportunity be a part of Nissan’s business in India,” said MoezMangalji, chairman of Hover. “We hope to deliver on Nissan’s brand promise by harnessing our local knowledge of the Indian customer, and combining the best of Hover’s marketing and dealer development expertise with the Nissan Sales and Service Way to meet the high customer expectations.”

Growing Nissan’s distribution footprint from the current five to 55 dealers will extend Nissan’s presence to all major cities to achieve at least 80 percent market coverage. Each Nissan dealership will comply with the global Nissan brand and retail standards in terms of design and customer service.

By 2012, Nissan expects to sell more than 100,000 vehicles in India. The growth will come from an aggressive product offensive ranging from entry-level cars, sedans, hatchbacks, SUVs and family utility vehicles to light commercial vehicles. In addition to the current X-TRAIL and Teana, Nissan will launch eight new models by 2012, four of which will be locally manufactured. The next product to be introduced to India will be the popular Murano crossover, scheduled for launch in 2009.

Source: Press release distribution via India PRwire

About Hover:

Hover is affiliated with The Westmont Group, a global consortium consisting of a diverse portfolio in hotels, real estate, customer service, brand management and marketing. The Westmont Group employs more than 40,000 people in Asia, Europe, Mexico, Canada and the United States. Hover’s board of directors has a proven track record of aligning with world-class brands to deliver unmatched speed to market and uncompromised customer service.

Founder and chairman of Hover, Moez Mangalji from The Westmont Group, is joined on the board of directors by partners GM Singh and Kevin Whalen.

Singh is a successful Mumbai-based businessman who founded the GMS Group. His companies range from automotive retail and car rental franchises to power generation and real estate development across India.

Whalen is regarded as one of the elite dealer development entrepreneurs in the United States and the automotive retail industry. He was a founding member of a Fortune 500 publicly traded automotive retail consolidator.

About Nissan Motor Co., Ltd.:

Nissan Motor Co., Ltd. generated global net revenues of 10.468 trillion yen in 2006. Nissan is present in all major global auto markets selling a comprehensive range of cars, pickup trucks, SUVs and light commercial vehicles under the Nissan and Infiniti brands. Nissan employs 224,000 people worldwide.

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While the High Court judgement restrains Ultra Motor from selling specified Low Speed E-Bikes (or products of equivalent specification as mentioned in the original agreement) the honourable High Court’s judgment does not include any high powered, high range and high speed e-scooters which have a battery configuration of 48V/20 AH and above, which are outside the arrangement between the parties. Vehicles running on this power pack specification are commonly known as e-scooter and e-scooter plus. Prior to disengagement these vehicles were available under the model name Maxi (48V/20AH) and Velociti (48V/24AH).The latest trends in Electric two wheeler industry is skewed towards high powered, high range and high speed electric scooter. Equivalent models of the above configuration constitute approximately 95% of the Electric Two Wheeler industry in India.

Dealer Convention, Goa:

The honourable High Court also negated the request of Hero Cycles Limited to restrain Ultra Motor from holding a National Dealer Conference in Goa.

“….In the circumstances, the blanket order seeking a restraint of the meeting called by the respondent on 3rd and 4th May, 2008 cannot be granted.”

Ultra Motor India hosted a successful dealer meeting on May 3-4, 2008 and 140 dealerships across the country have committed themselves to sell Ultra Motor vehicles and have signed exclusive dealership agreements with Ultra Motor India.

Close on the heels of a successful FY 08 and buoyed by the ready acceptance of Electric Two-Wheelers in India, Ultra Motor Company (UMC), UK, has decided to rapidly scale its operations, expand outreach and enhance product portfolio.

As a result of the aggressive dealer expansion and marketing efforts in the last financial year, Ultra Motor (in partnership with Hero Exports) had already touched the magical figure of 22,000 Ultra Powered electric two wheelers across the country.

Ultra Motor has set itself a target of 60,000 units by for the FY 09 and in order to achieve this, the company has already committed an investment of Rs.140 crores in product development, marketing and distribution. The company will launch a range of five Electric Two Wheelers in FY09.The company is also looking at vertical integration in the supply chain in India, in the form of acquisition.

Source: Press release distribution via India PRwire

Mantri Metallics is a fast growing company that has established strong relationships with leading automobile OEMs such as Tata Motors and Ashok Leyland. The investment by BTS would facilitate setting up of state-of-the-art manufacturing and machining facility, scaling up existing business and tapping exports market. The company, which has its main manufacturing facility at Kolhapur, is expanding its capacity by setting up two new manufacturing units – at Kagal (near Kolhapur) and Pant Nagar (Uttaranchal). The Pant Nagar facility is located at Tata Motors Vendor Park. The company is one of the dedicated suppliers of casting components for Ace, a highly successful and largest selling mini truck manufactured by Tata Motors.

Mantri Metallics recently entered the exports market by supplying castings components to OEMs/Tier I suppliers based in Europe. The Kagal facility will have modern manufacturing set up, including high pressure moulding line imported from Japan, for meeting quality needs of exports market. The expansion at Kagal and Pantnagar will increase the casting capacity from present 18,000 MT p.a to 36,000 MT p.a

Post-expansion, Mantri Metallics expects to emerge as a sizable player in the industry with strong focus on exports and supplying value added components viz., sub-assemblies. Company has already orders for 7000 MT p.a from export customers.

Mantri Metallics is expects to close the current financial year with revenue of over Rs. 80 crore.

Source: Press release distribution via India PRwire

According to N K Dhand, President, IMTMA,” The facility is timely as Indian players look to upgrade their offering to global standards in order to become globally competitive. The industry coming forward on its own to fund the project points to a collective realization on its’ strategic importance and the industry’s willingness to collaborate for common good. The center will improve the quality of Indian machine tool makers by benchmarking them against international standards. The facility once running may also be used by our counterparts in other countries and collaborate with major foreign machine tool institutes. This will lead to better brand building of the Indian industry as being quality driven.” Explaining the choice of Bangalore, he said that,” Bangalore continues to remain the focal center for the machine tool industry in India and is the undisputed machine tool capital with majority of the leading players located here. It also houses many support institutions and presented the best location for such a center.”

MMS 2008, which will be on from April 25-29th at Pragati Maidan in New Delhi has 111 exhibitors including 24 from 7 countries (Italy, Japan, Korea, Taiwan, Turkey, Germany & UK). Hi-level business delegations from ACMA (Automotive Component Manufacturers Association), Indian Railways and Indian Ordnance Factories besides special teams from OEMs (Original equipment manufacturers) are expected at MMS 2008. The across the spectrum participation allows visitors an unique opportunity to see the latest in manufacturing prowess and technology besides services under one roof.

Source: Press release distribution via India PRwire

Founded 60 years ago, Indian Machine Tool Manufacturers' Association (IMTMA) is the apex body of machine tool industry in the country with a membership of over 300 companies from both, the public and private sectors. The Association has over the years transformed itself to looking beyond, to focus on issues of productivity, quality, technology, new product development, design, customer satisfaction, etc. for enhancing competitiveness of the industry in both domestic and overseas markets. IMTMA plays a key role in the growth and development of this industry and it is the reference point for the industry.

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