Lovish Soien

Good morning Sir and thank you for the opportunity. My question is related to the RAC business. We are seeing that new capacities are coming online for all major brands and contract manufacturers , so how do you think this will impact the overall industry supply along with the industry demand, so just wanted to have your thoughts on how this industry supply aligns with the industry demand over the next couple of…

Thank you and just one followup, does this mean there is a possibility that we could see a price war in the coming quarters given that all these capacities and the brands, there would be a need for all these players to produce and sell to get these incentives?