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: Pramod Kumar - UBS Investment Bank, Research Division - Analyst
: Shenu just for clarification, you've been referring to the market share on the MHCV at 30% plus. But if you look at VAHAN, last -- almost 4 months,
the market share is stagnating at around 26% on MHCV between August to October -- sorry, for the last 3 months. So I'm just trying to understand
why is there such a big distant between the SIAM wholesale market share in the retail market share? And that too for almost 4 straight months
now. So if you can just help us understand what is missing here? That would be my first question, sir.
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NOVEMBER 10, 2023 / 12:00PM, ASOK.NS - Q2 2024 Ashok Leyland Ltd Earnings Call
Question: Pramod Kumar - UBS Investment Bank, Research Division - Analyst
: Fair enough. Second question is on the demand trends. If you can just help us understand the product categories in terms of use case, how they're
doing. Because what we learned is that Tipper continues to be strong, but Haulage has started to see some weakness. Even fleet owners have
started to talk about weakening trends on the both freight demand and freight rates as well. So if you can just help understand what categories
outside of buses, of course, which you've talked about, within the trucking segment, what are the segments which are doing well or which are kind
of currently driving demand for you?
Question: Pramod Kumar - UBS Investment Bank, Research Division - Analyst
: And finally, sir, on Switch Mobility. We've -- the INR 1200 crores investment, how do you see that in context of what else would -- what -- how much
more would be needed over the course of the remainder of the year and also for FY '25? Because as we said, you clearly have a strong order book
here. So what could be the kind of investment commitments what Leyland may have to make here? And also on the funding environment, if -- is
it given where interest rates are and the entire private equity scenario, is it fair that we should not be penciling in any transaction in terms of the
equity inflation from outside for this? And it should be -- it will be incrementally at least in the near medium term, Ashok Leyland, which will be
leading those initiatives in terms of investment? Is the understanding right?
Question: Pramod Amthe - Incred Research Services Private Limited - Analyst
: So this is with regard to the strong growth which you're -- alluded to for tractor trailers. Just curious to know, considering that exports are weak
and also the fact that GST is coming up in -- has already kick started in the last 6 months. So where is this usage of tippers happening per se? Because
when the GST started, there was a fear that it might be hitting the tractor trailer guys more than anybody else. So I wanted to know the customer
behavior, what is it driving?
Question: Pramod Amthe - Incred Research Services Private Limited - Analyst
: And any first half update on your defense business in terms of order wins or any execution plan for the full year?
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