.2: All the tools required are there in the toolkit. you just need to source a hammer.
3: Keep the slack almost 3-4 cm (measured at halfway, I keep this much so that the chain is not overtightened)
both the sides of the adjusting plate should be set at same no. like sarvjit said, else the alignment would go for a toss

4: Only tightening the axle nut will do.Nothing to adjust near the pillion footpeg.

Also 1 more thing required is a double stand or a race stand (costs rs1500)



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