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Well, the housing finance is a 100% subsidiary of Leyland Finance. And Leyland Finance is the one that I think will reverse merge into NXTDigital. So , from a holding perspective, the new entity will be holding housing finance as well.
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Just adding on to what S henu said on your first question, as you are all aware, Q1 generally is the slower quarter for this sector. And considering that shown growth on the on-ground demand still seems to sho w good signs of growth. It does seem the next three quarters should continue the momentum.
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In terms of the LCV, we launched the IeV4, it’s been close to three months. As you are aware, throughout the country, there is no clear infrastructure that has been set up. So , at the moment, the sales are happening more on a B2B basis for e-commerce companies and logistic companies and many multinationals who have their own commitment to Net Zero are insisting that even the last mile delivery should be on an…
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Analyst questions
Dheeraj G. Hinduja
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ASHOKLEY
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Ashok Leyland Limited CC-Jun24.pdf
26 Jul 2024