ZF Steering Gear (India) Ltd. announced that Mr. Jitendra A. Pandit has been appointed as non-executive independent director of the Company in the board meeting held on January 29, 2013. Mr. Pandit is also inducted into the following Committees of Directors: audit committee of directors and remuneration Committee of Directors.

ZF Steering Gear (India) Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 713.29 million, profit from operations before other income, finance costs and exceptional items of INR 68.89 million, profit from ordinary activities before tax of INR 66.62 million and net profit of INR 54.42 million compared to net sales/income from operations of INR 825.12 million, profit from operations before other income, finance costs and exceptional items of INR 109.84 million, profit from ordinary activities before tax of INR 227.61 million and net profit of INR 158.61 million a year ago period. For the nine months, the company reported net sales/income from operations of INR 2,351.59 million, profit from operations before other income, finance costs and exceptional items of INR 314.02 million, profit from ordinary activities before tax of INR 322.65 million and net profit of INR 232.00 million compared to net sales/income from operations of INR 2,523.52 million, profit from operations before other income, finance costs and exceptional items of INR 428.99 million, profit from ordinary activities before tax of INR 570.98 million and net profit of INR 393.98 million a year ago period.

ZF Steering Gear (India) Ltd., Board Meeting, Jan 29, 2013. Agenda: To consider the quarterly results; to consider the appointment of Jitendra A. Pandit as non-executive independent director of the company and inducted into its committees.