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My apologies, I joined the call a little late. I have two questions. One is that from your vantage point currently, how do you see the business environment and the M&A environment?
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Suhrid Deorah
Samvardhana Motherson International Limited
Action Construction Equipment Limited
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Hi, sir. Congrats on continuous strong performance. I had a question regarding calendar year 2025 with this transition to the BS5. So two points. One is that I would imagine that there will be a lot of pre -buying and you also talked about Q2, Q3 being strong because of this pre - buying. So in effect, you are basically pulling forward demand from next year as a result of this.
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You’re saying 60% of products will not be affected?
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You said BS IV to BS V, the price effect is 2% to 3%, which is 40% of your product portfolio?
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First of all, congrats on a simply superb performance. I hope you continue to do well in the years to come.
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Sir, actually, I missed your commentary, I dialled in a little late, but did you provide any visibility for FY '25? Or do you have any visibility for how next year might look considering it's an election year?
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And do you retain your longer-term revenue was to get to double of FY '24 by FY '27?
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