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: Piran Engineer - CLSA Limited, Research Division - Analyst
: Congrats on the quarter, I'm just referring to your sector outlook on Slide 33. What really makes you cautious on HCV and SCV at this juncture?
Especially for HCV, you mentioned increase in operating costs. So I just wanted to understand that better.
Ravindra Kumar Kundu - Cholamandalam Investment and Finance Company Limited - President of Business, Head of Vehicle Finance & Executive
Director
Heavy commercial vehicle, actually, you know that we -- for us, the problem is that if our cost of fund is high, we don't participate in and if we are
not able to participate there is a formalization happening in the heavy commercial vehicle business. I think what we are trying to (inaudible)
exclusive as of now is 7%, and we are treading carefully in this segment due to the increase in price and operating cost of the vehicle because cost
of vehicle goes up when our customer segment is not in position to acquire the vehicle and operate that because our customers are small road
transport operator, who don't have the contract of the load, and they need to look for the load and therefore, the productivity goes down. Having
the (inaudible) and beside a large fleet operators, they have a contract. And therefore, we can manage in spite of the cost of vehicle goes down.
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NOVEMBER 03, 2023 / 4:30AM, CHLA.NS - Q2 2024 Cholamandalam Investment and Finance Company Ltd
Earnings Call
Question: Piran Engineer - CLSA Limited, Research Division - Analyst
: Got it. Got it. And just quickly on your other income, which used to be like INR 40 crores, INR 50 crores per quarter. Now last 2 quarters, it's been
tracking more than INR 100 crores. This time, INR 140 crores. Can you just give us a sense of what exactly is included in this other income?
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