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TUDOR  INDIA ANNOUNCES CAPACITY EXPANSION

Ahmedabad, India – (December 12, 2007) – 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 the 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 FY07 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 for 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 Luke Lu President – Asia Pacific for the Alpharetta-Georgia, 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.