Two questions from my side. First thing is that we are see ing a very good scale -up of our EV portfolio. Kudos on that. I could see a 10,000 + retail number for the month of July, which is very encouraging. But just wanted to understand how are we placed given the rare earth conundrum? And how are we addressing that? And my second question is that we have always been a very dominant player in the entry -level motorcycle. So now if I look at it, there has been -- this segment is slowing down a bit. So how are we as the market leaders looking at this problem? And what are the mitigation steps that we are taking to address the same?
Questions across 9 calls
Abhinav Ganeshan
SBI Pension Funds
Hero MotoCorp Limited
Yes. Congratulations on a decent set of numbers. I have just 2 questions. So do you feel that the EV will become profitable by the next 6 to 8 quarters? That is first. And second, if you can give some trajectory on how we're going to expand our export presence. We've been talking about it for the last couple of years, seeing some steady progress. So if you can give some glide path on the same. And also, if you can break out, how much is Bangladesh as a part of our exports?
TVS Motor Company Limited
Congratulations on a great set of numbers despite the challenges on the EV front. Only one question from my side is, how are we seeing the supply chain for us on the rare earth magnets? And if you can give some more color? And do you see that our EV number s will come back because month-on-month, last month, we had a dramatic fall. So if you can give some more color on that?
Mankind Pharma Limited
So just one clarification I wanted and some qualitative color. So just wanted to understand, on company-wide PCPM basis, for your whole business and for the chronic segment, is the chronic PCPM starting to grow faster than overall PCPM? How do we look at that?
Yes, I appreciate that color. So is it a safe assumption to make that in the next 5 to 6 years, as this chronic business also ages, we come towards the company average?
Infosys Limited
Hello. Thank you for the opportunity and congratulati ons on the great set of numbers. I just wanted some more clarity on this third-party software packages which have risen to around 9.5% of revenue for the current quarter. I think in your comments, you alluded to Retail vertical taking up some of that. If you can give some more color, are there any more verticals you would like to call out and also geographies?
External Document © 2025 Infosys Limited 24 Okay. Sorry to just follow up on this, but I just wanted to understand, if you can give a broader color? Now in the recent last 2 years, if you look at it, our cost takeout deals have gone up compared to the discretionary spend. Now discreti onary spends are returning. So this number has trended up from around 6% to 9.5%. So once discretionary comes back, do you feel that this will kind of stabilize and maybe then trend down later, if you can comment on that?
Hello. Thank you for the opportunity and congratulati ons on the great set of numbers. I just wanted some more clarity on this third-party software packages which have risen to around 9.5% of revenue for the current quarter. I think in your comments, you alluded to Retail vertical taking up some of that. If you can give some more color, are there any more verticals you would like to call out and also geographies?
External Document © 2025 Infosys Limited 24 Okay. Sorry to just follow up on this, but I just wanted to understand, if you can give a broader color? Now in the recent last 2 years, if you look at it, our cost takeout deals have gone up compared to the discretionary spend. Now discreti onary spends are returning. So this number has trended up from around 6% to 9.5%. So once discretionary comes back, do you feel that this will kind of stabilize and maybe then trend down later, if you can comment on that?
Tube Investments of India Limited
I just have two questions for you specifically on the electric 3-wheeler business. So -- just wanted to understand that have we received the PLI benefits for the -- have we applied and have we got the PLI certification for our E3-wheeler that we have launched? Vellayan Subbiah No, we don't have PLI. So, this is really on the FAME subsidy. We don't have PLI for it.
Second part is, sir, I'm seeing that we are having a very good dominant market share in the South market. So, can you give some more color on how we are going to look at non -home markets for you vis-a-vis East, West and North?
Balkrishna Industries Limited
Wish you a very happy Diwali and congrats on a great set of numbers. I just had 2 questions. First one is regarding our volume. So we have done 1.56 lakh tons. So can we estimate that we will be able to match our FY '23 high volume of 3.02 lakh tons?
so it would be like a low single-digit number? That would be fair to assume?
Tata Elxsi Limited
I had just 2 questions. If I look at your client concentration in top 5 and top 10 versus Q1 FY '24. In top 5, we have seen a concentration go up by almost 500 basis points and top 10 by 600-plus basis points. So would this be explained by the larger clients growing faster? Or how does this add up if you could give some color?
Fair enough, sir. Just a follow-up on that. When I'm looking at your geo mix also, when I look at it same time last year, America's contribution was around 40%, which has dropped down to 33% and Europe has gone up from 37% to 42%. I'm just trying to understand whether European OEM & transportation businesses have been doing better for us compared to say the U.S. telecom and U.S. health care. Is the understanding is correct?