The management is looking for double-digit EBITDA margins in both CV and PV businesses. Further, it is sustaining its leadership position in electric car business Tata Group company is planning to set up Li-ion cell plant. In the CV business, the company is continuing to focus on retail sales performance with value added product offering, which we believe would help its CV division sustain profitability. Further, the PV business has been gaining a healthy market share backed by its new product launch strategy and we believe that losses in the EV business would come down in coming quarters. An EV battery cell plant within the group would help company in achieving speedy product validation and reduce the dependence on the thirdparty suppliers. While hydrogen fuel cell technology as at nascent stage, TML has been making efforts to secure its growth prospects in hydrogen space in future.