The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Kumar Rakesh - BNP Paribas, Research Division - Analyst
: My first question, again, is on the EV side. So can you please help us on what is the strategy -- the broader strategy we are working with? So currently,
my understanding is that there are 3 pieces which we are working with. One is in-house product, which you talked about we'll be launching by
March next calendar year. Another will be towards partnership with Ather. But broadly from the product and marketing stand -- market positioning
standpoint, where these 3 products would be sitting? Do you know where Ather product is sitting, like the other 2 products would be today? And
from the income perspective, how are we looking at the mix from the EV and the product portfolio from the EV side coming along?
Question: Kumar Rakesh - BNP Paribas, Research Division - Analyst
: I've been waiting for that. My second question was, recently, Mr. Munjal was quoted in a news report that -- wherein he talked about that Hero will
not shy away from cash burn and not shy away from turning net debt if that is needed to gain the leadership in the electrification. Can you just
give the context in which those statements are made and how are we looking at changing our business strategy in the coming years during the
transition to EV?
Question: Kumar Rakesh - BNP Paribas, Research Division - Analyst
: Okay, got that. I think only -- I think the reason I asked that question is that we are sitting with almost $1.5 billion of net cash position. And the
willingness to go to net debt position indicates a significant amount of cash burn appetite than what we are showing. So I just wanted to understand
from that context that is that aggression to lead in EV is so high that we are willing to give away that level of cash burn?
Question: Aditya S. Makharia - HDFC Securities Limited, Research Division - Analyst
: Sir, I just wanted to check on your premiumization strategy...
(technical difficulty)
Question: Aditya S. Makharia - HDFC Securities Limited, Research Division - Analyst
: Yes.
Question: Aditya S. Makharia - HDFC Securities Limited, Research Division - Analyst
: Yes. Can I -- can you hear me now?
Question: Aditya S. Makharia - HDFC Securities Limited, Research Division - Analyst
: Yes. Yes, so just on the premiumization strategy, how is the market share of the Xtreme today? When does it hit up, in your view? And on Harley,
how are we progressing?
Question: Aditya S. Makharia - HDFC Securities Limited, Research Division - Analyst
: Right. Just last question. Any market share targets on the premium side we can share?
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