BOMBAY, Aug 23 (Reuters) - Leading Indian motorcycle makers denied market talk on Friday that they planned to cut back on production due to a fall in demand caused by a patchy monsoon, speculation that caused their shares to drop in a rising market. Industry leader Hero Honda Motors Ltd dropped as much as 1.94 percent to 272.50 rupees, while Bajaj Auto Ltd , the second-largest motorcycle maker, fell 2.15 percent to the day's low to 419.15 rupees, "We have no such plans at present," R L ...
Premium Content (PAID Subscription Required)
"Indian bike cos deny output cut talk as shares dip" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.