Raj Shah

Thank you. So, my first question was regarding the guidance. So, sorry, but I have some confusion over here. You said that it's 15% revenue growth. Now I have a question whether this is consumable, F23 Consumable business, the organic 15% growth or you are considering the McNally acquisition as well within the…

So, if my understanding is correct, that implies that in Q4 we are expecting a Rs. 510 crores - Rs. 515 crores worth of consumable sales.

Now, second question was regarding the order book. If you can just help us understand to what extent is the order book attributable to the long-term contract that we won in Europe?

Thank you for the opportunity . My question was as Vellayan mentioned about this R&D efforts that TII is taking. The question was we recently acquired non-critical Jayem Auto, so it is a automotive warranty company. We just want to know how this acquired entity will help us in the R&D effort that we are undertaking?

Okay, got it and another question was as per our original strategy, we have ballparked a figure of Rs.300 Crores per platform. Based on various platforms that we have undertaken EV, MHCV, LCV, tractor, I just want to know to get a picture where incremental capex would be required to meet that Rs.300 Crores figure; just to get a broad idea.

My question is in which platforms incremental capex is going to happen , capex as in investment is going to happen?

So, my question is again on the standalone Abrasive side, in the opening remarks you mentioned about new entrants that are coming in the market. The question was how serious are these players? And who are these players? How impactful is their presence for our Retail segment ?