RANE NSK

Rane NSK Steering Systems Ltd. manufactures and sells manual and electric-power steering systems. The company was incorporated in 1995 and is based in Chennai, India. Rane NSK Steering Systems Ltd. operates as a subsidiary of NSK Ltd.

Profile Incepted in 1997 Joint venture with NSK, Japan. Equity of Rane with NSK is 49:51 Manufactures of all types of steering columns for both On road & Off road applications Preferred OE partner to major passenger Car, commercial vehicle and Multi utility

vehicle manufactures

Rane NSK Steering Systems Ltd. (RNSSL) has opened a new state-of-the-art plant to produce electric power steering at Bawal, Haryana, 80 km south-west of Delhi, with a view to meeting the growing demand of vehicle producers in the national capital region.

The inaugural function was attended by Mr. L. Ganesh, Chairman, Rane Group, and Mr. M. Degawa, Director & Executive Vice President, NSK Ltd. of Japan.

RNSSL has invested Rs. 377 million in the new world-class facility with an initial annual capacity to produce two lakh electric power steering systems for vehicle assembly plants in the region.

The plant will employ about 100 persons. While the production staff were trained on-site by NSK specialists, key process technology and manufacturing engineers were trained in Japan by NSK Ltd. Speaking on the occasion, Mr. Ganesh said: We have decided to invest in this plant keeping in line with our overall strategic growth plans. RNSSL will grow in its chosen segments through expansion, upgraded technology and synergetic diversification. We are also expecting sales revenue of over Rs. 2 billion by 2010-11. Mr. Degawa said: The key is close service to our customers in each of Indias manufacturing regions. To overcome logistics challenges and offer minute-by-minute technical support, our plants must be close to the final assembly line. So this new Bawal plant will offer the kind of support our Chennai plants provide in South India. Completed in just eight months, the 3,600 sq. mt. plant offers a vast production area unobstructed by support pillars. Electricity needs have been reduced by maximizing the use of natural light and utilizing high efficiency air-conditioning throughout the building. The plants state-of-the-art equipment has been built in Japan by NSK Ltd. The five-acre site in the Bawal Industrial Area offers ample space for ambitious expansion plans. With contracts for new business already in hand, RNSSL also plans additional investment in phases. Mr. Degawa observed: NSK has been associated with Rane in India since 1997. But with this investment our partnership is reaching a new level. We are excited by the prospects in this country and confident in our relationship with Rane. I believe we are poised to achieve our vision to become Indias market leader in steering.

Established in 1997 as a 50-50 joint venture between the Rane Group and the Tokyobased NSK Ltd., RNSSL produces energy absorbing steering columns, rigid steering columns, tilt, telescopic & sliding steering columns and intermediate shafts and joint assemblies. NSK is the worlds third largest bearings manufacturer noted for technological innovation. Founded in Japan in 1916, it is now a truly global company with 23,000 employees and manufacturing operations in 14 nations worldwide. Revenues in the fiscal year ended March 31, 2008, reached 722 billion yen. Established in 1929, the Chennai-based Rane Group comprises seven companies manufacturing safety and critical components for a broad range of automotive industry segments. In fiscal 2007-08 the group recorded revenues of Rs. 14,000 million. The Rane Group embraces TQM as a way of life, and four of its companies have received the coveted Deming Prize.

Manufacturing and Quality State of the art manufacturing facilities at Chennai, Gurgoan & Uttrakand Certified for TS 16949: 2002 & ISO 14001: 2004 Practicing Total Quality Management (TQM) for achieving excellence in all the activities that we do

Rane NSK Steering Systems Ltd. (RNSSL) Opens Steering-Column Plant at Bawal, Haryana

Advanced facility to produce electric power steering for global automakers in north India

State-of-the-art technology for 3,600 square-meter plant on 2-hectare site Closer support for automotive customers in rapidly growing manufacturing region Inaugurated today by Mr. L. Ganesh, Chairman, Rane Group and Mr. M. Degawa, Director & Executive Vice President, NSK Ltd.

New Delhi, May 15, 2008: To better serve its global customers' rapidly growing vehicle production in the Delhi region, RNSSL, one of India's leading steering-systems makers, today inaugurated a new, state-of-the-art production plant at Bawal, Haryana, 80 kilometers southwest of the nation's capital. Today's occasion was marked at the plant by a ceremony led by Mr. L. Ganesh, Chairman, Rane Group and Mr. M. Degawa, Director & Executive Vice President, NSK Ltd. RNSSL has invested Rs. 377 million (US$7.5 million) in the new world-class facility with initial annual capacity to produce 200,000 electric-power steering systems for vehicle assembly plants in the region. We have decided to invest in this plant keeping in line with our overall strategic growth plans. Mr. Ganesh told invited guests. RNSSL will grow its chosen segments through expansion, upgraded technology & synergetic diversification. We are also expecting sales revenue of over Rs.2 billion targeted by the year 2010-11. This factory will act as a catalyst for our vision of Leadership Position in Steering Column Business by 2012. The key is close service to our customers in each of India's manufacturing regions, Mr. Degawa said. To overcome logistics challenges and offer minute-byminute technical support our plants must be close to the final assembly line. So this new Bawal plant will offer the kind of support our Chennai plants provide in south India.

Completed in just eight months, the 3,600-square-meter plant offers a vast production area unobstructed by support pillars. Electricity needs have been reduced by maximizing the use of natural light and utilizing high-efficiency air-conditioning throughout the building. The plant's state-of-the-art equipment has been built in Japan by NSK Ltd. The 2-hectare (5 acre) site in the Bawal Industrial Area offers ample space for ambitious expansion plans. With contracts for new business already in hand, RNSSL plans several phases of additional investment. NSK has been associated with Rane in India since 1997, Mr. M. Degawa said. But with this investment our partnership is reaching a new level. We are excited by the prospects in this country and confident in our relationship with Rane. I believe we are poised to achieve our vision to become India's market leader in steering. Watch us grow!

Helping create a prosperous society through NSK's business As NSK is closely involved in almost every aspect of human life that involves movement, such as home appliances, automobiles, railways vehicles, steel making equipment, machine tools, satellites and much more, there are many areas to which we could choose to devote our future efforts. But our mission is clear. We aim to contribute to the well-being and safety of society and protection of the global environment. We do this through technological innovation that integrates two key elements: Motion & Control. Our work is guided by a shared vision of NSK as a truly global enterprise, working across national boundaries to improve relationships between people throughout the world. Further advancing globalization NSK has evolved into a global enterprise over the past four decades through the trust and support of our customers, our technology and production capabilities, and our global network. Going forward, we realize the need to become even more globally minded in our management and business operation to improve the service we provide to worldwide

customers. At the same time we must reinforce our preeminent position in the Japanese market. To improve global customer satisfaction we are enhancing the technology service through our 12 technology centers around the world. Through this structure, we aim to reinforce sales in overseas markets by directly reflecting the needs of local customers. In pursuit of Total Quality We are taking several steps to maintain our industry lead. Throughout the company we are honing our competitive strength via continuous increases in quality, cost and delivery performance. We aim to be industry leaders in total quality such as quality craftsmanship, Kaizen(improvement), products, services, information, and work processes. Aiming for a top-flight global company With the world economy undergoing an unprecedented shift, we must maintain our spirit of challenge, persistence, loyalty and action. And we must be true to our principles: of doing our own research, thinking for ourselves, being persistent, thorough, and never giving up. We value our relationships with customers and communities, and we take pride in doing business with integrity, honesty and fairness. While protecting and nourishing these values, I am also committed to extending NSK's tradition of excellence and achievement of peerless quality, cost and delivery, to reach new heights in all of our products and services, and rise to every challenge without fear of failure.

Testing & Validaton

Facilities Full fledged R&D test lab in association with NSK (Japan) to carry out the validation of Steering columns Comprehensive in-house test facilities include: Rotational torque measurement rig Torsional strength test rig UJ backlash rig Torsional durability rig Steering lock durability rig Tilt & telescopic durability rig Articulation torque measurement rig Natural frequency measurement rig Bending durability rig

VISION & PHILOSOPHY

The corporate philosophy defines the ideal image of NSK in the 21st century and outlines management efforts and employee actions necessary to realize this ideal. The philosophy consists of a mission statement, management principles, corporate message and slogans. Mission Statement NSK aims to contribute to the well-being and safety of society and to protect the global environment through its innovative technology integrating Motion & Control. We are guided by our vision of NSK as a truly international enterprise, and are working across national boundaries to improve relationships between people throughout the world. Management Principles 1. To serve our customers through innovative and responsive solutions, taking advantage of our world leading technologies. 2. To provide challenges and opportunities to our employees, channeling their skills and fostering their creativity and individuality. 3. To identify the needs of the times and of the future and to use all of NSK's resources to meet those needs by being versatile, responsive and dynamic. 4. To work together with our employees and contribute to the communities in which we operate. 5. To manage our business from an international, perspective and to develop a strong presence throughout the world.

Corporate Message Responsive and Creative MOTION & CONTROL "Responsive" expresses NSK ability to react effectively to new opportunities and customer needs while maintaining a sense of harmony with societies and the global environment. More specifically, "Responsive" embodies five concepts: 1. Resilience 2. Smoothness 3. Tenacity and perseverance 4. Flexibility 5. Technology "Creative" reflects our commitment to finding new ways to enhance our products and services as we work to realize the full potential of NSK and society. Creative also affirms the unlimited potential of both the Corporation and its employees. Motion and Control portrays new NSK image, a distinct breakaway from its old bearing company image. The corporate message communicates NSK ideas to clients and the general public and seeks to gain their understanding and support. The message's intent is to express the Corporation's spheres of activities and its future image.

Corporate Slogan Corporate slogans encapsulate the attitudes and actions required to realize the ideas in our mission statement. These ideas enhance NSK corporate culture, foster personal development and provide direction for its corporate development. - Beyond Limits, Beyond Today Limits symbolize the restrictions and barriers inherent in all things from individuals to industries and countries. All NSK employees will make these limits the focal point for our enthusiasm and energy, and in the process of overcoming them, create a future for NSK. Today is the immediate. We must strive to see beyond the immediate problem, condition or event, and perceive the long-term challenges and opportunities. Through a long-term vision, we can ensure NSK's prosperity as well as our own growth and personal development. Sub Slogans Beyond Frontiers Adopt a global perspective in all aspects of NSK's operations. Beyond Individuals Accomplishing and growing beyond personal ideas. Beyond Imagination Transcending conventional ideas and adopting a flexible and inquisitive approach to go beyond present limitations.

Beyond Perceptions Welcoming change and encouraging creative synergies. Challenging the Future Looking beyond the short term and accepting the challenge of new opportunities.

PRODUCT
Electric power steering columns

Electric power assisted steering columns (EPS) are predominantly used in passenger car segment Better steering comfort compared to conventional manual columns Usage of EPS will give advantage of better fuel efficiency, Environmental friendly product etc,.

Solid Steering Columns

For passenger Cars, MUVs/ SUVs, LCVs & HCVs Single/double UJ options possible to satisfy varying angles of fitment Energy Absorbing & Collapsible Columns

For Passenger Cars & MUVs/SUVs Products to meet 11939/FMVSS 203&208/ ECE 12-03 or equivalent international safety standards for driver protection Choice of cost effective collapse features depending on safety requirement of vehicle crash targets

Tilt & Telescopic Steering Columns

Tilt & Telescopic features allow the user to adjust the steering wheels position according to the comfort needs (viz, Up / Down; Towards/ Away from Driver) Cost effective low pivot type tilt arrangement is available High Pivot type tilt arrangement for larger wheel tilt angles possible

Intermediate Shafts

Joint assemblies with single & double UJ for various types of body frame structures Flexible rubber coupling with joint assembly/ Noise isolator for vibration & noise absorption Sliding shaft for telescopic / cab-tilt application

Universal Joint Assemblies

Compact sheet metal or forged yokes Bending angle Up-to 90 deg. Maximum Designed to suit specific Articulation torque, Torsinal strength & rigidity requirements