1. The above results for the quarter ended March 31, 2009 and the audited results for the year ended March 31, 2009 were reviewed by the audit committee and were approved by the Board of Directors in their meeting held on April 24, 2009.

2. The Board of Directors at their meeting considered and recommended a final dividend aggregating Rs 10112 lacs i.e. Rs 3.5 per share (Nominal value Rs 5.00 per share) for the financial year 2008-09.

3. The company is primarily in the business of manufacture, purchase and sale of Motor Vehicles and spare parts (automobiles). The other activities of the company comprise facilitation of Pre-owned Car Sales, Fleet Management and Car Financing. The income from these activities is not material in financial terms but contribute significantly in generating demand for the products of the Company. Accordingly, segment information has not been disclosed.

4. The figures of previous periods have been re-grouped, wherever necessary, to conform to current quarter/year classification.

Shinzo Nakanishi
Managing Director & CEO