In Sep’23 and Oct’23 combined, average retails for PVs were up ~5% YoY versus flattish 2Ws. Domestic 2W retails in Oct’23 (1.51mn units) were up 15% MoM driven by festive demand, after being range bound at ~1.3mn for the last four months. E-2W retails improved, +17% MoM to ~75k units versus CY23TD’s mean of ~69k units.