Bharat Gulati

Thank you for the opportunity. Just a couple of questions from my side. So firstly, just wanted to understand on the margin trajectory on the international business. In the short term, you said it would be stable , so do we expect these utilization levels to sustain at this 91.8% to 92% range or just trying to understand what is going to drive this constant margin trajectory?

Got it a nd just on the domestic business, just wanted to add on to the last participant ’s question. Just wanted a clarification on, are we keeping our outlook intact to get growth that we historically had in that segment of our business and how do we look at our existing business in that segment given that direct competition has come in a nd how are customers panning out?

How do we see growth? I mean new customers. How do we see that addition and how do we see just on the growth front? Do we see that historical growth come back or will there be a slight impact to growth going forward?

Could you quantify what if the defense revenue has start ed to come in from this quarter a nd if not, then what would be the percentage that it would be of our total revenue?

Okay. And out of the INR800 crore s capex that is planned over the next two years, which segment of that revenue is it focused towards, if you can mention please?

So, would it be right to say that four-wheeler passenger and commercial will grow faster in like a segmental revenue as compared to two-wheelers?