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Bajaj Auto's domestic motorcycle sales skid amid shift to new fuel norm

Firm warns underlying demand in domestic market declining 8% to 10%

Bajaj's weak performance underscores persisting troubles gripping India's automobile sector.   © Reuters

MUMBAI (NewsRise) -- India's Bajaj Auto reported a 22% slump in domestic two-wheeler sales for January and warned of more pain to come, as a shift to less-polluting but more expensive models weighs on demand.

The company's January sales of two-wheelers in India plunged to 157,796 units from 203,358 units a year ago, it said in a statement Tuesday. Total two-wheeler exports, however, surged 19%. That tempered the overall sales decline in the segment to 5%.

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