Bangalore, February 23, 2005: Bosch, world's largest supplier of automotive technology had announced an investment Rs.1,000 Crore through its flagship company Motor Industries Co. Ltd. (MICO) last year. Out of this, Rs.550 Crore will be spent towards the
introduction of Common Rail System including application, testing and manufacturing. The Common Rail System has contributed to making diesel cars cleaner; more economical, less noisy and sportier than ever.

Mico is proud to announce the first locally applicated Common Rail System with Mahindra Scorpio 2.6 Turbo. It was launched at Mumbai yesterday in the presence of the top brasses of both the companies. An excellent example of Customer-Vendor relationship, Mahindra & Mahindra with Mico and Bosch engineers applicated this technology in a record time of 1 year. A series of rigorous tests under all possible conditions were conducted at India, Spain, Germany and Switzerland.

With the forthcoming stringent emission norms in India and the quest for a state-of-the-art technology, Common Rail System is being introduced in our country by Mico and Bosch. Bosch has pioneered the Common Rail System the world over, and has sold more than 15 million systems the world over. Bosch has sold 3 times more passenger car CR systems compared to all its competitors put together. Bosch is confident of replicating its global success in India too.

About BOSCH:
The Bosch Group is a globally active and leading manufacturer and innovators of Automotive and Industrial Technology, Consumer Goods and Building Technology. In fiscal 2003, some 230,000 associates generated sales of 36.4 billion euros*. Set up in Stuttgart in
1886 by Robert Bosch (1861 - 1942) as “Workshop for Precision Mechanics and Electrical Engineering", the Bosch Group today comprises of Manufacturing, Sales and After Sales Service networks of some 260 subsidiaries and more than 10,000 service centers in over 130 countries.

Sales of the Bosch Group in 2004 from the Automotive Technology division were Euro 25.3
billion.

Preliminary figures for 2004 (as of January 2005):
*Sales of 40 Billion euros, total workforce of some 242,000, more than half of them outside Germany

About MICO:
Motor Industries Company Limited (MICO) is a Bosch Group company present in India for the last 54 years and has catered to the Indian auto market with technology support from Bosch. It is the largest Indo-German company and a household name in the country today.

Mico has developed excellent R&D and manufacturing capabilities. Its strong customer base and the market leadership are a testimony to its technology and quality of products. Micocurrently has 4 plants in India including 2 in Bangalore and 1 each in Jaipur and Nashik. All the 4 plants are TS 16949 and ISO 14001 certified. The service network of Mico spans 1,000 towns and cities across India. Over 10,000 people are currently employed with Mico across its R&D, manufacturing and sales & service network.