The following is excerpted from the question-and-answer section of the transcript.
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Question: Chetan Gindodia - AlfAccurate Advisors Pvt. Ltd - Analyst
: Hello? Hello?
Question: Chetan Gindodia - AlfAccurate Advisors Pvt. Ltd - Analyst
: So only 2 things. One is in - in terms of competition intensity with the banks also moving aggressively in this space, how do you see that from a
competition perspective?
And second, considering that the environment still is still looking very challenging, particularly on retail financing side. How do you see the trends
over the next 2, 3, 4 quarters? Any change in strategy from the long-term perspective? If you can highlight on that, that will be useful.
Vellayan Subbiah
Look, we have mentioned that in the past that the cycle -- our auto cycle as far as the heavy commercial vehicle -- is something which is going to
pick up. So we're going to start any time and replacement demand is going to start. So heavy commercial vehicle, we'll see better number in time
to come. And in this month, it's July, if you see the data, the heavy commercial vehicle segment has registered a very good number. Other than
that, entry-level car, entry-level 2-wheeler, tractor, used vehicle, all of them is going to do better. So -- and we are present over 1,100 branches,
80% branches in Tier 2, Tier 3 town, and these are the places where the intensity is there, but we are able to do the job because of our people and
our relationship with the manufacturer and the customer.
So we did not change the strategy very, I mean, dramatically, but we will definitely come back to some of the products which we have not done
so far. And overall disbursement in the month of July, we have seen that we have delivered more than July '19 disbursement as the organization
put with the vehicle finance, LAP and HL. So this trajectory is actually going to continue, and we will deliver better than last year, if in case COVID
wave 3 doesn't come.
Question: Chetan Gindodia - AlfAccurate Advisors Pvt. Ltd - Analyst
: Would be your guidance for the full year credit cost?
Vellayan Subbiah
It's very difficult to say at this moment in time. Internally, we are trying to do better than last year. That is what we can say.
Question: Chetan Gindodia - AlfAccurate Advisors Pvt. Ltd - Analyst
: Yes, sir.
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