Remy International Inc. and India’s Lucas-TVS Announce a Business Co-operation

PENDLETON, Ind. and CHENNAI, India, Oct. 28, 2011 /PRNewswire/ — Remy
International, Inc., a leading worldwide manufacturer, remanufacturer and
distributor of starters and alternators, and Lucas-TVS, Ltd., the market leader
in India for automotive, commercial vehicle and two wheeler starter motors,
alternators and other small motors, announced today that they have entered into
a business co-operation agreement.

The agreements between the companies include cross-technology licenses, product
sales, engineering support and supplier sourcing support.

The agreements will allow Remy to license certain products from Lucas-TVS for
Remy to manufacture and sell around the world. Lucas-TVS will license certain
Remy products to make and sell in India. In addition, both parties may buy and
resell each other’s products.

John Weber, President and CEO of Remy International, said this agreement will
benefit both firms. Lucas-TVS will be able to leverage Remy product lineup and
global customer relationships to reach more foreign customers who are investing
in India, while Remy will take advantage of Lucas-TVS product lineup and
engineering capabilities to add new products. He said the companies also will
work to support each other’s product sourcing efforts to optimize supplier
relationships globally and reduce costs.

“Remy’s recognized technical and operational excellence provides the foundation
to pursue opportunities for geographic expansion, product extensions and new
business alliances,” Weber said. “This agreement with Lucas-TVS allows us to
participate in India, the fastest growing automotive market in the world. It
creates an opportunity for Remy to work with Lucas-TVS to develop new products
and allows both companies to extend their traditional markets.”

About Lucas-TVS

Based in Chennai, India, Lucas-TVS is India’s largest manufacturer of automotive
electrical products, designing and manufacturing over 9 million starters,
alternators and small motors. Besides serving all major global and domestic
manufacturers in India, Lucas-TVS exports products to North America and Europe.
The company operates seven manufacturing plants in India and has over 2500
employees. Lucas-TVS has a turnover of over $400 million and is part of the $6
Billion, TVS Group, India’s largest automotive component group with over 35
companies and 25,000 employees.

About Remy International, Inc.

Remy International, Inc., headquartered in Pendleton, Indiana, is a leading
global manufacturer, remanufacturer and distributor of light duty starters and
alternators and Delco Remy brand heavy-duty systems. Remy International also
manufactures and distributes electric propulsion motors designed with leading
edge technology and backed by the security of over a billion miles of proven
reliability. In business for over 100 years, today Remy International is
actively collaborating with companies throughout the world to develop
innovations that are transforming the vehicle industry. Recently, Remy was
recognized by the United States Department of Energy for its leadership role in
the hybrid technologies space and awarded a $60 million grant under the Electric
Drive Vehicle Battery and Component Manufacturing Initiative.

To learn more, visit the Remy brand website at www.remyinc.com.

Remy Media Contact:
Joe Bennett, The Sanders Group
765-427-1112
jlb@sandersnet.com

SOURCE Remy International, Inc.