Q2 2022 Minda Industries Ltd Earnings Call Transcript
Good evening, everyone, and a warm welcome to all the participants. I hope you and your near and dearest are all keeping safe and healthy.
On the earnings call today, I am joined by my colleague, Mr. Ankur Modi. We hope you have had a chance to look at our financial results and presentation that is uploaded on stock exchange as well as the company website. I will briefly speak about the business landscape and then update on our performance in the preceding quarter, following which we will be happy to respond to your query.
As you know, the government of India recently approved the production-linked incentive scheme, so-called PLI, for automobile and auto component industry with total budgetary outlay of around INR 26,000 crores. As per the scheme, minimum qualifying investment for auto component sector is INR 250 crores over 5 years, with minimum determined sales of INR 25 crores. The qualifying company also have to demonstrate 10% year-on-year growth on minimum determined sales rally. The qualifying
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