May 7, 2007, Pune: In the AGM held on 7th May 2007, on the occasion of 25th anniversary, the Company’s Chairman, Mr. Peter Delhey announced a bonus issue in the ratio of one bonus share for every share held. Following this, the Company’s paid up share capital willincrease from Rs.103.96 million to Rs.207.930 million.

To facilitate consolidation of results with the Bosch Group at the global level there was a need to align the accounting year of the Company from April – March to the calendar year (Jan to Dec.). Accordingly, the accounting period ended 31st December 2006, was a
truncated period of nine months. The sales revenue and related profit are therefore not really comparable with the previous year.

For the nine months period April to December 2006, the sales revenue (including other income) was Rs.3,705 million. On an annualized basis i.e. for the 12 month period, April 06 to March 07, this works out to Rs.5,074 million. The profit after tax for April to December is
Rs.264 million. On an annualized basis this works out to Rs.375 million.

Bosch Chassis Systems India Ltd, a subsidiary of the Bosch Group in India is well positioned to draw advantage and secure large volume supply contracts for braking systems (both conventional and advanced versions) from the global players entering the Indian
market.

Many global OEMs are planning high volume exports of vehicles manufactured in India. Most of these vehicles will incorporate advanced technologies and safety systems such as ABS and ESP. The company expects these technologies to become part of the standard
fitment in vehicles manufactured for the domestic market also progressively. To address this window of opportunity, the Company has already formalized arrangements for local application engineering of these advanced systems for domestic and exports requirements.
Local manufacturing of these systems is likely to be undertaken by 2010 after domestic volumes reach economical levels.

About the 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 260,000 associates generated sales of 43.7 billion euros in fiscal 2006. The Bosch Group comprises Robert Bosch GmbH and its roughly 300 subsidiary and regional companies in over 50 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spends more than three billion euros each year for research and development, and in 2006 applied for over 3,000 patents 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 Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, 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 Bosch GmbH.

Additional information can be accessed at www.bosch.com

About Bosch Chassis Systems India Limited
Bosch Chassis Systems India Limited (formerly Kalyani Brakes) is the leading manufacturer of hydraulic brakes in India for passenger cars, two wheelers, three wheelers and tractors. Founded in 1982, the Bosch Group holds over 80% stake in the company and employs 2,020 associates. Its plants are located at Jalgaon ,Chakan, Manesar and Sitarganj.

Additional information can be accessed at www.boschindia.com

For further details on the press release, please contact: Mr Ravi Kapoor, Executive Vice President and Chief Financial Officer, Bosch Chassis Systems India Limited.