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: Amyn Pirani - JPMorgan Chase & Co, Research Division - Analyst
: First question is just a clarification, Gopal, if you can help. I think in this quarter you have transferred the EV business to Switch Mobility at a certain
valuation and you have recorded a gain. So I mean, I just want to understand, this has been transferred on a book value? Like is there a cash
transaction? I mean, how does this work?
Question: Amyn Pirani - JPMorgan Chase & Co, Research Division - Analyst
: Yes. So just taking that conversation further, I think we had discussed last time also. So how is Switch Mobility paying you? Because you anyways
are the holding company of Switch Mobility, right? And I don't think they have raised money as yet from outside.
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FEBRUARY 14, 2022 / 9:00AM, ASOK.NS - Q3 2022 Ashok Leyland Ltd Earnings Call
Question: Amyn Pirani - JPMorgan Chase & Co, Research Division - Analyst
: Understood. That's helpful. And lastly, on the core business, you mentioned that there has been more retention of the recent price hikes. It is quite
interesting because like you rightly mentioned, it's not just you, other players in the industry have also seen a significant impact on margins for
the last 2 quarters. So is it just you, or are we seeing some kind of a reduction in price competition in the market from competition also?
Question: Aditya S. Makharia - HDFC Securities Limited, Research Division - Analyst
: Yes. I just wanted to get your thoughts on -- Indian Railways is becoming very aggressive on the freight side. They are talking of commissioning
another 400, 500 kilometers of the freight corridor in the next month itself. And also, they've been debottlenecking a lot of capacity. So how do
you see growth rates for CVs over the next 3 to 4 years in this light?
Question: Aditya S. Makharia - HDFC Securities Limited, Research Division - Analyst
: Got it. And any sense on more near term for FY '23; this '22 is almost coming to an end. So FY '23, would you like to estimate what sort of MHCV
growth we could look at, at the industry level?
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