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 is, in January, there was an investment of KRW 50 billion in SsangYong. Can you give some details around what this investment
was for?
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FEBRUARY 08, 2019 / 11:30AM, M&M.NSE - Q3 2019 Mahindra and Mahindra Ltd Earnings Call
Question: Kumar Rakesh - BNP Paribas, Research Division - Analyst
: And this CapEx plan which you said is over what period of time?
Question: Kumar Rakesh - BNP Paribas, Research Division - Analyst
: Okay.
Question: Kumar Rakesh - BNP Paribas, Research Division - Analyst
: That's very helpful. My next question was around the tax expense part. Even after adjusting the tax writeback, which you have called, it appears
the effective tax rate to be very low. Is there something more than that which we have got this quarter which you haven't called out?
Vankipuram S. Parthasarathy - Mahindra & Mahindra Limited - Group CFO, Group Chief Information Officer & Member of Group Executive Board
Okay. Yes, so very quickly, I think there is a clarification required here because if you see only the M&M account shows the figures, okay, but that
benefit is available both in M&M + MVML. So this quarter, we had certain benefits which are one-off in nature. In the tax provision, the net benefit
is about INR 400 crores. So you knock it up, the rest will be okay.
Question: Kumar Rakesh - BNP Paribas, Research Division - Analyst
: Oh, understood. Okay, saw that.
Question: Ronak Sarda - Systematix Shares & Stocks (India) Ltd., Research Division - Analyst
: A couple of questions, please. On your (inaudible) UV business, how do you see next 12 months? Will it be one of the best years in recent future
because of election spending and prebuying for diesel period before BS VI?
Question: Ronak Sarda - Systematix Shares & Stocks (India) Ltd., Research Division - Analyst
: Sure, sir. Just adding to it, what's your expectation for XUV300 given the pricing, whatever we have decided? And is it dependent on success of a
petrol variant?
Question: Ronak Sarda - Systematix Shares & Stocks (India) Ltd., Research Division - Analyst
: Success of your petrol engine?
Question: Ronak Sarda - Systematix Shares & Stocks (India) Ltd., Research Division - Analyst
: Specific on petrol, any comment?
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