Archit Joshi

Hi, good evening, sir, and thanks for the opportunity. First question on the battery side of the business, given that all 3 growth engines within the EV product space are near to commissioning or, let us say, commissioned, and we might have all 3 lines open for doing business, let us say, in the second half fully of the next calendar year.

Understood, sir. Sir, getting a little more nuanced, given that we have seen some delays in battery manufacturers in India, we have seen some delays in their ramp-up of gigawatt factories, are we targeting more export markets in the beginning? Would it be fair to assume that our business mix will be oriented slightly more on the export side to begin with?

Sure, sir. A bit more on the CAPEX front, if I may. I think we have done Rs. 575 crores last year. This year, it is projected to be Rs. 1,200 crores in EV. One is how much would have we done in the first half? And any number for FY ' 27 within EV in terms of CAPEX? And where would it flow into in which of the 3 areas that you would target doing the CAPEX in FY '27? Thank you.