EVEN GROWTH

Opposing the belief that the growth in automobile industry has catered only to the top
income-stratum of society, Growth of exports of 32.8 % in the first three quarters of
2004-05, the fastest growth in volumes has come from commercial vehicles as against
passenger cars.

Between 1998-99 and 2003-04, output of commercial vehicles has grown 2.8 times
compared to the 2.2 times increase in passenger cars. Furthermore, two-wheeler output
continues to dominate the volume statistics of the sector. In 2003-04, for every
passenger car turned out by the sector, there were 7 two-wheelers produced. In the two
wheeler segment, there is a greater preference for motorcycles followed by scooters,
with both production and domestic sales of motorcycles increasing at faster rates than
for scooters in the current and previous years. However, mopeds have registered low or
negative growth. Export growth rates have been high both for motorcycles and scooters.

MANUFACTURERS AND COLLABORATORS

TABLE 4:

MANUFACTURER COLLABORATOR YEAR

Eicher Tractors Ltd Gebr,Eicher Tractor. West Germany 1961
Gujarat Tractors Ltd Motokov -Praha. Czechoslovakia 1963
TAFE Messey Ferguson. UK 1961
Escorts Ltd Moloimport Arazawa Zaklady Mechaniczne .Ursus Poland 1964
Mahindra And Mahindra International Harvestor. UK 1965
+Escorts Tractor Ltd Ford .U.K. 1971
Hindustan Machine Tools Motokov -Praha. Czechoslovakia 1971
*Kirloskar Tractors Lmt Klochner-Humboldt Deutz. Germany 1974
Punjab Tractor Limited CMERI.INDIA 1974
*Pittie Tractor Limited Own know-how 1974
*Harsha Tractor Ltd Moto Import. Russia 1975
*Auto Tractor Ltd British Leyland. U.K. 1981
**Pratap Steel Rolling Mill Own know-how 1983
Vst Tillers Mitsubishi. Japan 1983
*United Auto Tractor Ltd Uzina  Tractorul. Romania 1986
*Asian Tractor Ltd Own know-how 1989
Bajaj Tempo Ltd Own know-how 1987
International Tractors  Own know-how 1998
Larsen And Tourbo Ltd John Deere. USA 1999
New Holland Tractor New Holland Tractors .Italy 1999
Greaves Ltd Same Deutz- Fahr. Italy 1999

Escorts successfully implements Oracle e-Business Suite to enhance

efficiencies
New Delhi, June xxx: Oracle India Private Limited, a wholly owned subsidiary of Oracle Corporation, the
world's largest enterprise software company, today announced that Escorts Ltd., a major player in the
Indian tractor industry, has successfully implemented the Oracle E-Business Suite.

Escorts recently completed the implementation of key modules of the Oracle E-Business Suite including
Oracle Manufacturing, Oracle Financials, Oracle Order Management, Oracle Customer Relationship
Management (CRM) and Oracle Business Intelligence. With this implementation, Escorts has achieved
comprehensive automation across the enterprise as the Oracle E-Business Suite applications are fully
integrated and engineered to work together.

“We have a commitment to change. We wanted to improve the efficiencies of our processes and make
available real time data to our managers so that decisions are better, faster and more impactful,” said
Rakesh Chopra, chief executive officer, Escorts Ltd. “Oracle provided a clear road map for business
process improvement, a key reason for our choosing Oracle E-Business Suite over others,” said Ajay
Seth, chief financial officer and project head.

“Oracle E-business Suite will help Escorts’ efforts at improved accountability and faster reaction to quickly
changing environment, both within the company and externally, “ said Mr Shekhar Dasgupta, managing
director, Oracle India.

ABOUT ESCORTS LTD.

Escorts Ltd. is the holding company of the Escorts group. The company’s focus area of operations is
tractors. Its other businesses i.e. two-wheelers, IT, telecom, construction equipment, are controlled
through subsidiaries and joint ventures. Escorts has strong in-house engineering skills, a wide
distribution/service network and brand franchise. The company has 12 plants. The major ones are located
near Delhi.

Other plants include Bahadurgarh, Patiala - Punjab, Yellahanka (Karnataka), Surajpur (UP) and
Ranjangaon. Escorts products encompass a wide range of tractors starting from the 25-30 HP segment to
the 70-75 HP segment. It sells tractors under the brand names of Escort (25-35 HP economy range),
Powertrac (30-45 HP value range) and Farmtrac (30-75 HP premium range). Escorts also manufactures
combine harvesters in collaboration with Class AG of Germany and paddy transplanters in collaboration
with Yanmar of Japan. It has a subsidiary with Carraro SpA of Italy to manufacture transmissions for
higher HP tractors.

ABOUT ORACLE INDIA

Oracle India Private Ltd. a subsidiary of Oracle Corporation, the world's largest enterprise software
company, has been operating in India for more than a decade. Oracle was one of the first international
software companies to set up an India Development Centre in 1994. Today, Oracle's two India
Development Centers, at Bangalore and Hyderabad, work closely with Oracle's global software
development team, headquartered at Redwood Shores, California, on the entire Oracle product family.

India is also a hub for several of Oracle's global support, consulting and financial services operations.
Through its offices in Delhi, Bangalore, Kolkata, Chennai, Hyderabad, Mumbai, and Gurgaon, and an
extensive network of more than 150 channel and alliance partners under the Oracle PartnerNetwork,
Oracle India markets the complete range of Oracle products and services across India. Oracle products
are supported on 13 major Indian languages. Oracle India has more than 6200 customers in the
telecommunications, banking, insurance, manufacturing and utilities industries, in both the government
and private sectors.

A major partner for E-Governance initiatives of Central and State Government bodies in India, Oracle is
setting up the Oracle-Hewlett Packard Centre of Excellence for E-Governance at its head office in
Gurgaon, near Delhi.

ABOUT ORACLE
Oracle is the world's largest enterprise software company. For more information about Oracle visit our
website at

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