Balaji Gopalan

Okay. So, I'll start with the last question, which is about localization. The localization, there seems to be a drop. It looks like we have gone back to 74% because in the past we were around 78%. This looks like a drop, but in reality, it is not a drop because there is this inflation factor that gets built into it and we had to import some of the shortages that we were having in the local suppliers.

It's a pass-through. That is what has been agreed and customers have been told that it has to be a pass-through. In principle, many of them have also agreed, but still there are certain wait-and- watch situations. So, there is a gap, but our endeavour is to make sure it is a sum zero-zero.

I would just like to add here, many times in this current context, it is very difficult to have a very clear mathematical contract with suppliers or with customers because situation changes. Every day we wake up in the morning, there is a new situation.