Thank you. My first question is if you could share the volumes for the quarter in the electric vehicle businesses for each of the products?
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Questions across 10 calls
Salil Desai
Marcellus Investment Managers
Tube Investments of India Limited
Thank you. Yeah, first question, if you could share the volumes in each of these electric vehicle categories for the quarter.
Thank you. Yeah. I mean, I see you were saying that the small commercial vehicles reception has been very solid. Great. My second question is on the engineering segment right now, there is a clear improvement there. But in MFP, I am assuming that there is a fair bit of overlap in end user industries, maybe even some customers. So why is there a divergence in the growth rates between the two?
Thank you. My question, two of them. So first was on this e -rickshaw entry plans. And now, given that we want to double down on EVs as one of the three segments, but we are already kind of struggling with the macro that is policy -wise not supportive, competition increasing, market share not growing in three wheeler L5s. why distract yourself and get into a space which is more crowded, more co mpetitive, very little product differentiation. So how are you thinking of the e-rickshaw business? Would love to hear your thoughts.
I see. Thank you. The second question is, when we go out in the market and, get some feedback from users, then for the three wheeler, we consistently are told that it is a great product and very different from what competition has. But translation of that into market share gains, there seems to be some gap there. So where do you think you might be missing out versus what some of your larger competitors are doing, who have been kind of traditionally players for a long time in the ICE side of three wheelers?
Yes, so my question is on the subsidy regime change, which kind of impacted the 3-wheeler volumes. So given where we are today in terms of visibility on availability of some of these subsidies, where do you see volumes, say, the next 12 months or so? And related to that is, where would you see profitability if there are production costs going up because of fewer subsidies? So any visibility on these 2 aspects?
Right. And how about -- how does the profitability get impacted given whatever changes you would see the subsidy regime goes through?
Thank you. I had a question for Mr. Meyyappan. So the segment assets, less the segment liabilities, in the electric vehicle segment are still negative as of March '24. Can you just explain how to read this number?
Right. So just to, I mean, make sure I understand this. INR892 crores is the CCPS and the cash on hand? AN Meyyappan No. 1,700 is the CCPS. That's negative, okay? And that's cash on hand is positive 747 . So, you've had approximately -- say 61 will become 892. That's what I can just say.
Triveni Turbine Limited
Hi, Nikhil. I want to just kind of make sure I understand this right. In the U.S., what you're saying is that credentials have been established, now it's just a matter of time before you build scale, and then things kind of start falling in place in terms of profitability and so on. Is that right?
Fair enough. But other than that, there's no constraint on what you can be in terms of competitive positioning there, right?
Tega Industries Limited
My first question is on order book number. I'm not sure if I heard it right, you said INR 605 crores, is it?
The presentation mentioned INR 545 crores, so do you still wanted between the two?
Tata Elxsi Limited
On the previous question, I want to kind of understand that a little better. The whole of last year or almost about 5 or 6 quarters now, we have added net headcount. And this quarter you are still cautious. So, is there any change in the way you're looking at the outlook for the last year's hiring pipeline as more than sufficient versus what growth expectations actually panned out? How should one see the change in view on headcount additions versus growth?
And how would you like to comment on say how the overall supply side situation is? So if tomorrow in healthcare things change and if you were to ramp up, what chances that could be constrained on finding the right people?
Hi Manoj, I just wanted to kind of reconfirm my understanding this -- the SDS reporting that you're now doing, is that just a reclassification or is there like an organizational change also that has happened in terms of reporting structures or business heads and so on?
And the second bit, I wanted to again reconfirm was you mentioned somewhere that the hiring is in a way that you've done through the year is in a way an indication of kind of hope for a better FY '25. These are what profiles? You've hired largely freshers, experienced people, middle management? Could you give some color on what profile that we've been generally having?
Kirloskar Oil Engines Limited
No, I was a little curious to understand, you mentioned that 20% of your genset sales are in the CPCB-IV+ category. So, what kind of customers who are today buying CPCB-IV when there is no pressing need for them to do so?
And given the typical production life cycle, should it be over by now? I mean, I am not sure why we have to wait till June for selling only CPCB-IV because you wouldn't take really 9, 10, or 12 months to deliver a product, right? So, in that sense, all new sales from, say, 1st of April onwards should ideally be all CPCB-IV. Am I missing something? Or is there a nuance on this, too?