Jan 30, 2020 / 10:30AM GMT
Operator
Ladies and gentlemen, good day. And welcome to Q3 FY '20 Earnings Conference Call of Bajaj Auto Limited hosted by HDFC Securities Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Aditya Makharia from HDFC Securities. Thank you, and over to you, sir.
Aditya S. Makharia - HDFC Securities Limited, Research Division - Analyst
Thank you, Nirav. Good afternoon, everyone. I would like to welcome the management and thank them for giving us this opportunity. We have with us today Mr. Rakesh Sharma, Executive Director; Mr. Soumen Ray, Chief Financial Officer; Mr. Sanjeev Garg, Divisional Manager, Treasury, IR and FP&A; and Mr. Anand Newar, Divisional Manager, Investor Relations.
As usual, we'll directly start with the Q&A session. Nirav, can you please take it forward from here?
Questions and Answers:
Operator(Operator Instructions) The first question is from the line of Ashutosh Tiwari from Equirus.
Ashutosh
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