Indian bike cos deny output cut talk as shares dip


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 ...

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