Domestic 2W retails in Aug’23 (1.26mn units) were up ~6% YoY and up 2% MoM, as low base till Sep’22 is helping the industry report YoY growth. However, with the end of marriage season in May-Jun’23, retails in Aug’23 remained subdued below 1.3mn. e-2W retails continued to be tepid though improving every month from the Jun’23 lows, and were at ~62k units vs 54k MoM and vs May’23 highs of ~104k units.