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: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: Congrats on a good set of numbers. My first question is on Europe. If you can tell us that what was the share of electric vehicles in overall registration?
And at the same time, was there a drag in margin because of that exceeded in the previous quarter?
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: Yes. So sorry, Massimo, what we wanted to understand in the previous quarter, you had explained it very well that because of sudden shift to
electric vehicles, the...
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: Let me repeat the question. So in the previous quarter, that is September quarter, you had mentioned that because of the sudden shift towards
electric vehicles, there was a drag on margin. I'm trying to understand that while we are seeing -- there is a sequential improvement in margin, but
as compared to last year, margin for Europe vehicles have fell down about 200 basis points.
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: Okay. Okay. That's quite helpful. And maybe going to the India business, what was the share of proprietary business in this quarter as compared
to same quarter last year?
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: Yes. Yes, Anurang.
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FEBRUARY 10, 2021 / 5:30AM, ENDU.NS - Q3 2021 Endurance Technologies Ltd (CN) Earnings Call
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: Yes. So Anurang, the question here is that if there is an increase in the share of proprietary business, that is not reflected in gross margin on the
stand-alone business. Is it that because of the commodity inflation that we are seeing now? Is it something to do with that, the gross margin...
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: And we are thinking of passing on that impact, maybe it will come to the lag?
Question: Aditya Jhawar - Investec Bank plc, Research Division - Analyst
: Yes. Sir, my final question to Mr. Ray. What should we expect on the tax rate into Q4 and going into next year? There was abnormally low tax rate
in this quarter.
Question: Aditya S. Makharia - HDFC Securities Limited, Research Division - Analyst
: This is Aditya from HDFC Securities. Congrats on a strong number. There is a lot of noise around 2-wheeler sales moderating. We saw that festival
also while was flat, but many companies reported a decline in terms of the retail. And also, if you saw the numbers which came out yesterday, there
was a 10% decline in overall retails. So I just wanted to know your thoughts, how you are reading the trends in 2-wheeler sales? And what is actually
happening?
Question: Aditya S. Makharia - HDFC Securities Limited, Research Division - Analyst
: Right. No, fair point, sir. And just one housekeeping question. You mentioned you have INR 4,441 million of new business in this quarter. And what
are the RFQs you said?
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