Bajaj Tempo to be re-christened as Force Motors Limited

Company release, February 24, 2005

New Delhi

An extraordinary general meeting of members will be held on April 5, 2005 to approve the new name. The company has been directed by the Government to propose the new name as provided under Section 22 of the Companies Act 1956.

The key reason for mooting the name-change is the request from its former financial collaborator, DaimlerChrysler AG (DCAG). DCAG has requested the company to discontinue using the word `Tempo’ which is originally its registered trademark. The company has now decided to go ahead with the new name after the Government directed it to do so.

Section 22 of the Companies Act provides: When the name of a company is identical to a registered trademark, the Central Government can direct that company to change its name, by passing an ordinary resolution.

DCAG exited the company in 2001 by selling their shareholding to FIRODIAS, but allowed easy transition on the name change front, owing to continued excellent business associations. DCAG signed a new technical collaboration with BTL in 2003, to provide to BTL technology for common rail diesel engine (CRDI). The OM 611 engine so licensed is a most successful engine in its class.

Bajaj Tempo Limited is also an important supplier to DC India, for the entire requirement of Mercedes engines in India. It also supplies spare parts to DCAG for their Tempo Traveller body panels & gear parts.

For further information please contact:

Mr. Abhay Firodia

CMD

Bajaj Tempo Ltd.

Tel: 020 2747 4488