Olectra Greentech Limited CC-Sep24.pdf · 2024-10-25
Thank you. Congratulations on a great set of numbers, Q2 numbers are really, really good. I have two questions. The first one is, in Q1 you updated that we sold five buses to Microsoft. Did we sell anything in Q2? If yes or no, are there any further pending orders from the same entity? The second question is on margins, I am assuming that the rate that we fixed with Evey is fixed per bus for each of the contracts pre-signed. And ov er time, the industry believes that the battery rates will come down, which would mean that the overall cost should come down significantly, which implies that the margin should actually expand as we grow with time. Is there anything fundamentally wrong in my assumptions?
And the other question on Microsoft deliveries?