The Chennai-based company had sold 2,08,485 units in the same month last year.
Total two-wheeler sales during the month grew marginally to 2,02,209 units from 2,01,233 units in January, 2016.
Exports during the month were at 34,110 units as against 34,823 in January 2016, a decline of 2.04 per cent.
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