The document discusses Mahindra Group's announcement of a global alliance agreement between Mahindra's automotive component businesses and CIE Automotive. As part of the agreement, CIE Automotive will acquire a stake in Mahindra's listed and unlisted automotive component companies. Together the alliance will form a global automotive supply network with annual sales of approximately $3 billion USD across North America, South America, Europe and Asia. The alliance will enable both companies to expand their geographic reach and product portfolio. For Mahindra Composites Ltd, which is part of Mahindra Systech, the alliance will open up new opportunities and horizons.

1.
MAHINDRA COMPOSITES
Sarovar – News letter
Date: 17th
June 2013 Volume: 1; Issue 12
Dear Readers,
Greetings!
As anticipated, monsoon has reached all part of the country. These are good signs and it will certainly strengthen our
economy in coming year.
On 15th
June, 2013, The Mahindra Group (India) and CIE Automotive S.A (Spain) announced signing of global alliance
agreement between Mahindra's automotive component businesses (held under its Systech Sector) and CIE
Automotive (involving also its subsidiary Autometal).
The agreement will see the formation of a global automotive component supply network with combined annual
sales of approximately INR 15000 Crores / Euro 2.2 Billion / USD 3 Billion with operations in North America, South
America, Europe and Asia held through listed businesses in Spain, Brazil and India. As part of the transaction, CIE
Automotive ‐ through one of its subsidiaries ‐ will acquire from Mahindra Group a stake in its listed and unlisted
companies belonging to Systech Automotive Component business and CIE Automotive will contribute its forging
businesses in Spain and Lithuania and together consolidate all companies under MFL which will be rechristened
Mahindra CIE. Mahindra CIE will continue to be listed on BSE (Bombay Stock Exchange) and NSE (National Stock
Exchange).
This Grand Alliance with CIE enables us to “Rise” above competition, quickly extends our reach into new
geographies, and grow our collective product portfolio in the coming years,” said Anand Mahindra, Chairman of the
Mahindra Group.
Mahindra Composites Ltd is part of Mahindra Systech and this alliance will enlarge the canvas and will open new
horizons for MCL.
By next week, we will be facing TMW assessment [earlier, known as MQW‐ Mahindra Quality Way]. TMW is
abbreviation of ‘The Mahindra Way’ and it is Mahindra’s integrated approach to promote excellence in everything
we do. It includes Product, Process and People. It is 10 stage TMW maturity approach and presently, MCL has
qualified stage 3 since 2008.
We are working hard with our channel partners to strengthen our pipeline for enquiries and as a result, we are
anticipating some major breakthroughs in coming couple of months. In past fortnight, we have built our databank
related to technical parameters and ready to face queries from market.
In this week, our representative will be in Hyderabad for customer visits. Those who are from Hyderabad or vicinity
and seeking any technical assistance, can revert back on the mail id from which you receive this communication.
With best regards,
Business Development Team,
Mahindra Composites Ltd.