Stockrabit · Analysts
Questions across 1 call

Navin Matta

Mahindra Manulife, Investment Management Private Limited

Belrise Industries Limited

Belrise Industries Limited CC-Feb26.pdf · 2026-02-02
Yes, thanks for the opportunity. Just another kind of follow-up on the two-wheeler growth being lower for us in this quarter. I just wanted a bit more understanding when we look at your mixes, two-wheeler plus three-wheeler is about 64%. Is it possible for you to split this between two - wheeler and three-wheeler, or what would be the composition of this?
Okay. Because when I look at your largest customer's production growth, Y -o-Y, it looks like two-wheelers is about 3 %-4% growth and three -wheelers is about 30% growth, which is why the question that, if we have lesser saliency in the three-wheeler mix, is that the reason why our number is kind of trending status with our largest customer? Is that the explanation, or do you think there's another way of look at this?