Olectra Greentech · tone and specificity signals across the available quarters.
Language signals
Order book gives you that if the depos and ecosystem is ready then we'll be able to deliver. You can't deliver 9,000 immediately. There are cases where competitors had 600 buses waiting for 6 months in Delhi for deployment. We can't afford to keep Rs 800 crore wait for 6 months.
We are very happy because of our product we are able to maintain about 14% in long-term. We are looking between 10 to 12% as margin when we grow. We can't expect high volumes and high margin business—there is no such business available.
We continue to see strong demand momentum particularly in the EV segment supported by ongoing ramp-up in deliveries and stable order visibility. We expect this momentum to translate into strong sequential performance while margins are likely to remain broadly stable factoring in product mix dynamics.