A report said that the cut in production would reflect pressure in Nigeria. (File)
Bengaluru:
Shares of Bajaj Auto sunk as much as 4.4% on Monday after a media report said the two-wheeler giant is expected to take an up to 25% cut in motorcycle and three-wheeler production across its export-focused plants next month.
Bajaj Auto did not respond immediately to Reuters’ request for comment on the Economic Times report, which said that the cut would reflect pressure in Nigeria, a key export market.
(Except for the headline, this story has not been edited by String Reveals staff and is published from a syndicated feed.)
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