• Export volume growth: Two-wheeler exports expanded by 50% to 11 lakh units in the first five months following a 53% growth in August, though management avoids setting rigid full-year targets in uncertain conditions.
• Festive shipment demand: Monthly exports reached 280,000 units to support the upcoming November–December Christmas season in Africa and Latin America, exceeding the company's short-term target of beating 250,000 units.
• Logistics and stocking: Longer transit times caused by the West Asia crisis prompted advance channel stocking during April, May, and June, but future shipments are expected to align closely with actual retail replenishment.