Questions across 3 calls

Pramod Amthe

InCred

Maruti Suzuki India Limited

Maruti Suzuki India Limited CC-Jul25.pdf · 2025-07-31

Thanks. So, Rahul, this is with regard to the exports. As a proportion of mix, we seem to be moving up and we clearly see a traction in terms of ASP. But when it comes to gross margins or to EBITDA margin, they still are not flowing through to the end. So, can you give more color in terms of exports? Are they going to fleet or more for individual customers? How is the mix?

The second one is taking forward to the EV exports. So, how do you need to track from India the relative price positioning of these vehicles versus peers or the CAFE type of norms will be a driving force for Suzuki to absorb from Maruti, so that you will be working on a fixed take or pay. How does this all shape up in EVs?

Exide Industries Limited

Exide Industries Limited CC-Sep23.pdf · 2023-11-08

Again, this is regarding the SVOLT arrangement. Considering the global ambition of SVOLT, what type of opportunities or restrictions does the agreement gives you both in domestic exports? Subir Chakraborty: There are no restrictions in the domestic market. Exports, which we are not even envisaging right now because it’s a new subject for us, which we have to learn, and the domestic market is quite huge. So, therefore, at this point in time for the capacities that we are envisaging, we are not thinking of immediately getting into exports. So, we will think about it when the time comes.

And will you be allowed to sell openly the cells, or you are to go through a battery pack only of your own? Subir Chakraborty: Customers all over the world again, I am going by the global trend, they require in either of the three formats. Some customers prefer only cells and then they do the modules and the packs themselves; some customers want it in module form and then they build the pack themselves; some customers want it in fully complete condition, that is, cell module pack. In India also, we will see that way.

Hero MotoCorp Limited

Hero MotoCorp Limited CC-Sep23.pdf · 2023-11-02

Thanks for the opportunity. The first question is with regard to the Passion. The way it ha s bounced back looks impressive. Would you give us some color in terms of , within that sub- segment, what market share it has been able to achieve and what has been the cannibalization for some other brands of your own?

It is also the existing customers of Hero long back, they are upgrading towards Passion or these are the new customers who are?