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Honda, Hero MotoCorp cut India two-wheeler production amid slowing demand

Tighter credit, weak rural markets hurt scooter, motorcycle sales

Automotive demand in India has been cooling since July as Asia's third-largest economy faced a credit crunch and distress in rural markets.    © Reuters
| India

MUMBAI (NewsRise) -- Hero MotoCorp and Honda Motorcycle and Scooter India are slashing production as the nation's top two-wheeler makers grapple with weak consumer demand and a credit crunch in a slowing economy.

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