Full Year 2020 Hero MotoCorp Ltd Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Gunjan Prithyani - JPMorgan Chase & Co, Research Division - Analyst : I just had -- firstly, I've a follow-up on this demand pickup that you're talking about. It's good to hear that the way you put that 90% of your retail stores are now open, will it be possible to share some sense on where these stores are in relation to the normative levels? Any sense of where we are in perspective of, let's say, pre-COVID or normative levels that typically these stores operate at? And on the inventory as well, if you can give more sense, really, I mean, where are we now in terms of either months of inventory or the absolute inventory? If any sense you can provide on that? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. JUNE 10, 2020 / 6:00AM, HEROMOTOCO.NSE - Full Year 2020 Hero MotoCorp Ltd Earnings Call

Question: Gunjan Prithyani - JPMorgan Chase & Co, Research Division - Analyst : On inventory levels, yes.

Question: Gunjan Prithyani - JPMorgan Chase & Co, Research Division - Analyst : Okay. And second question I have is on the financing side. Now this has been a general concern that given where we are in terms of morat increasing and general state of the economy, financing is bound to be tight. Is that something you're sensing at your dealerships? And around that from Hero FinCorp perspective, I see that you've invested about INR 260-odd crores in Q4. Is this -- the other investors have also come along, the stake remains the same? And what kind of capital call do you anticipate can come from this subsidiary or investment can come from this subsidiary going into F'21? If you can talk about the financing side?