TVS Motor Company Limited CC-Mar25.pdf · 2025-04-28
Hi, good evening and thank you for taking my questions. My first question is just to follow up on the PLI scheme incentive that you have accrued this quarter. So, I just want to understand what percentage of our EV scooter portfolio are we currently accruing these incentives on -- is it on the entire portfolio? You mentioned there's 2-3 and 5 kilowatt hours. So, just want to understand which products there have qualified? And also if you could just share what the split within e lectric two- wheeler portfolio is percentage wise between the two, three and five kilowatt hour?
Got it, got it. That's helpful. My second question is just around product launches. So, I think historically we have targeted to do one product launch per quarter, and you mentioned in your opening remarks that many of your EVs are in the final stages of development. So, just going forward, the next sort of 12 to 18 months if you could give us some clarity on is this sort of similar run rate of one product launch per quarter and just heading into this whole stimulus period, lower interest rates, more favorable income tax rates for the customers , what is the sort of cadence to expect in terms of product launches as you plan for the next couple of years?