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Half Year 2020 Bharat Forge Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to Bharat Forge Q2 FY '20 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Amit Kalyani. Thank you, and over to you, sir.
Thank you very much. Good afternoon, ladies and gentlemen, and welcome to our conference call for the Q2 FY '20 results. I think as everyone is aware, the industry -- the whole automotive industry is passing through an extremely difficult time right now, probably one of the most challenging periods of its history in a long time. The second quarter was a tough and challenging quarter for the company as well, probably one of most tough ones of the quarter -- of the decade, and this was largely driven by the extreme weakness in the commercial vehicle center in India.
The export market have performed as was anticipated, but the domestic market has really had the bottom fall out of it. The domestic market declined to a
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