"The domestic two-wheeler industry posted a year-on-year double-digit growth in 2022-23 after three consecutive years of decline. We also expect the ongoing festive season to drive great numbers for the industry," Graffi told ET. "We believe the industry will regain pre-Covid volumes by 2025." Last fiscal, two-wheeler sales stood at 15.86 million units compared with the FY19 peak of around 21 million.
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