Year Ended March 31, 2008 - Lumax Auto Technologies Ltd.

d) Expenditure on Research & DevelopmentS.No.(i)ParticularsCapitalAmount39.284.1343.410.24%(Rs. in Lacs)C. FOREIGN EXCHANGE EARNINGS AND OUTGO(a) Activities relating to exports; initiatives taken to increase exports; development of new export markets for products andservices; and export plans :Your Company has been continuously striving for opportunities for growth in export business. During the year under review the followingexport development and promotion measures were taken.• Participated in 9th Auto Expo meet organized at New Delhi. Various procurement groups visited the stall & face to face meetings heldwith them to explore the opportunities for supplying the parts worldwide.b) Total Foreign Exchange used and earned:S.No.(i)Particulars AmountPayment in Foreign CurrencyEarning in Foreign Currency169.4124.38(Rs. in Lacs)10