Haldex secures AWD order from Land Rover

Haldex secures AWD order from Land Rover

Haldex has received an order from Land Rover, which is owned by Tata, an
industrial group based in India. The order applies to Haldex's all-wheel drive
(AWD) system for one of Land Rover's new car models. 

Land Rover is Europe's foremost manufacturer of jeeps that satisfy meticulous
demands in terms of off-road characteristics. Haldex received its first Land
Rover order for an AWD system in 2004. The new order reflects Land Rover's
continued confidence in Haldex's leading-edge expertise in the field of advanced
AWD. 

Production is scheduled to commence in 2011.

The annual order value is estimated at SEK 100 million and the order represents
a 100-percent increase in Haldex's existing annual volume from Land Rover.

“As a result of the order, Haldex strengthens its position as an AWD partner
with Land Rover and thus also within the expansive Tata Group. Tata Motors Ltd
currently manufactures several all-wheel drive car models and the fact that it
is located in the heart of one of the world's most expansive regions represents
a considerable advantage”, says Joakim Olsson, President and Chief Executive
Officer of Haldex. “This transaction also strengthens Haldex's position in the
fuel-efficient cross-over segment”. 


For further information, please contact: 
Joakim Olsson, President and CEO, Tel: +46 (0)8-545 049 52 or
Ulf Ahlén, Head of Traction Systems, Tel: +46 (0)418-47 65 31.

Haldex (www.haldex.com), headquartered in Stockholm, Sweden, is a provider of
proprietary and innovative solutions to the global vehicle industry, with focus
on products in vehicles that enhance safety, environment and vehicle dynamics.
Haldex is listed on the Stockholm Stock Exchange and has annual sales of nearly
8 billion SEK with 6,000 employees.


Haldex discloses the information in this press release according to the Swedish
Securities Market Act and/or the Swedish Financial Trading Act. The information
was provided for public release on Monday January 26, 2009.