Company says while the closure of plants has been partly due to holidays for Independence Day and Raksha Bandhan, it also reflects the prevailing market demand scenario
Retail demand has been hit badly by the government's move to demonetise high-value currency notes
TVS Motors, Bajaj Auto, Yamaha and Mahindra Two Wheelers make motorcycles, scooters and step-throughs exclusively for export
In FY15, operating margins of two-wheeler makers were nearly twice those of top passenger car and SUV makers