Mahindra and Mahindra Ltd Q1 2023 Earnings Call Transcript

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

Question: Pramod Amthe - Incred Research Services Private Limited - Analyst : First question is with regard to (inaudible) pik-up truck in the coming future. Just wanted to know what's your thought because you are a leader in the overall pik-up segment. What is the opportunity size you are looking at and what you plan to do there? That's first. Second, with regard to tractors, you have talked about the implements and new technology coming. The -- interestingly, there will be more disruption and competition expected in the tractor industry, which points to the belief that it's a very low-tech industry. And hence, least of the threat for a leader. So would you like to elaborate what are you seeing in these 2 subsidies?

Question: Pramod Amthe - Incred Research Services Private Limited - Analyst : The first question is...

Question: Pramod Amthe - Incred Research Services Private Limited - Analyst : You say you have talked about the urban pik-up truck, right? You plan to launch urban pik-up truck. So what is the opportunity you see there? Why you feel there's a specific model required? And what type of a business opportunity it makes sense because considering that you're already a leader in pickup trucks.

Question: Pramod Amthe - Incred Research Services Private Limited - Analyst : Yes. And about the tractor, the second question. Rajesh Ganesh Jejurikar - Mahindra & Mahindra Limited - Additional Director & Executive Director of Automotive and Farm Sectors Farm machinery and implements and the role of tech and competition rate, that was -- So I would compartmentalize these into 2 different buckets. One is what's the opportunity in the farm machinery side? And is there anything that a big growth opportunity, we have spoken a lot on that in the past. We're doing multiple things to strengthen our farm machinery portfolio. On the specific question on competition in tractor, certainly, it's not low tech. I don't think it ever has been. And we continuously -- our platforms, you will know (inaudible) and the K2 that we are working on are all pretty bold, very strong platforms doing well around the world, current platforms, including North American market. So they are good well-developed, designed tech products. So we don't think that we are behind the curve at all on the tech evolution on the tractor side. And you will see many things coming out as we also start launching the K2 platform over the next year or 2. Anish, you want to add something on the tractor piece?