TVS Motor Company Ltd Q3 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Amyn Pirani - JPMorgan Chase & Co, Research Division - Analyst : So my first question is on the EV side. As you mentioned something about electric 3-wheelers and 2,000 to be supplied. Can you clarify on that? Because you still not launched the product. So what's the time line of that?

Question: Amyn Pirani - JPMorgan Chase & Co, Research Division - Analyst : Okay. And is there like a time line in the order as to, it has to happen over like a 1-year period or something like that?

Question: Amyn Pirani - JPMorgan Chase & Co, Research Division - Analyst : And would it be fair to assume that you will also be launching it on retail.

Question: Amyn Pirani - JPMorgan Chase & Co, Research Division - Analyst : Okay. Okay. And on that, can you help us understand, obviously, on the ICE 3-wheeler side, you have a very strong export market, but on the domestic side, your market share has been on the lower side. So with this EV 3-wheeler, I mean, is there a chance of changing that? And what could be different with the EV 3-wheelers when you're launching it on the domestic market?

Question: Amyn Pirani - JPMorgan Chase & Co, Research Division - Analyst : Okay. And sir, lastly, you mentioned the 10,000 EV 2-wheeler capacity by first quarter of next financial year. So this is per month capacity that you intend to deliver by 1Q?

Question: Amyn Pirani - JPMorgan Chase & Co, Research Division - Analyst : Okay. And then lastly, if I may, so with the partnership with Swiggy. Can you help us understand, I mean, will it be with the iQube product? Or is there a new product plan for that category? And what could be the time line for that?

Question: Amyn Pirani - JPMorgan Chase & Co, Research Division - Analyst : Sure, sir. So looking forward to more information on that.

Question: Pramod Amthe - CIMB Research - Analyst : Considering your aggressive stance on the M&A, could you give us some color what wide spaces do you think to be covered up through the M&A process in the next 1 to 2 years, considering you have impressive ramp-up plan for EV?

Question: Pramod Amthe - CIMB Research - Analyst : Like it has been difficult to even look through for us at the e-bikes. So similarly, you feel are the wide gaps when you plan for your next 2 years, which you need to cover through M&A. Anything you want to highlight? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. FEBRUARY 07, 2022 / 12:30PM, TVSM.NS - Q3 2022 TVS Motor Company Ltd Earnings Call

Question: Pramod Amthe - CIMB Research - Analyst : Okay. And second 1 question related to the same. Considering that, do you guys feel at the Board level, there is too much on the plate and how will you spend time for so many acquisitions and run them successfully, considering that the Indonesia 1 acquisition itself took a pretty long time. You have been successful there, but it took a long time to turn around. So in that background, isn't it too much on the plate?

Question: Pramod Amthe - CIMB Research - Analyst : One last question is with regard to Auto PLI. Have you applied for PLI?

Question: Pramod Amthe - CIMB Research - Analyst : And in that sense, what's the medium term, how it's going to come through, in which segments you plan to invest? And what will help you to make benefit of those incentives? And how do you see -- if it's for EVs, do you see for you, it will give an advantage versus some of the smaller players who have not been able to invest?

Question: Pramod Amthe - CIMB Research - Analyst : But in the product segment, sir, what will come under that PLI for you?