Mahindra and Mahindra Ltd Q2 2019 Earnings Call Transcript

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

Question: Gunjan Prithyani - JP Morgan Chase & Co, Research Division - Analyst : My first question is on the Auto segment margin. Now you did mention in your introductory comments that the pricing -- or the introductory pricing and the launch cost impacted the margin. Would it be possible for you to give some sense on what would be the amount of launch cost which would have been booked in this quarter, and also, the profitability for the truck business? Are we at the breakeven levels?

Question: Gunjan Prithyani - JP Morgan Chase & Co, Research Division - Analyst : And truck business, if you can share where are we right now in terms of the profitability?

Question: Kumar Rakesh - BNP Paribas, Research Division - Analyst : My first question was about tractor. Dr. Goenka, tractor industry has usually seen a cyclicality more typically of around 2-odd years, but over the last 2, 3 years, we have seen that cyclicality getting -- being broken. So what do you attribute the reason for that? Has there been a new use case in the industry which we have seen has started driving demand? Or is there something which has changed over the last one year in the agriculture industry itself, which is continuing such a strong double-digit growth for a prolonged period of time? It would be very helpful if you can also help us with some number, if you have, on the demography of the people who are using the tractors?