Domestic sales were at 1,97,512 units last month as against 3,09,550 units in March 2022, Honda Motorcycle & Scooter India (HMSI) said in a statement.
It hovered in a range of 79.77 to 79.91 during the session.
Spot gold fell 0.2% to $1,775.30 per ounce by 0909 GMT, after falling more than 1% on Monday. U.S. gold futures dropped 0.4% to $1,790.20.
The 30-share BSE benchmark fell by 497.73 points or 0.89 percent to settle at 55,268.49, extending its losses for second straight day.
Gold had its worst day since December 2013 on Friday after better-than-expected US non-farm payrolls fueled speculation the Federal Reserve will raise rates sooner rather than later.
Gold prices tumbled to its lowest level in more than three months at the domestic bullion market here today on bouts of heavy speculative unwinding against the backdrop of fading demand.
Small and medium enterprises in Tamil Nadu have been badly impacted by the gloabl economic slowdown. Exports from these industrives have dropped and has left thousands jobless.
With the rupee touching 60 on Wednesday, Moses Harding, IndusInd Bank, head - ALCO and economic & market research says the reason behind the sharp drop in the currency was the extended rally in the dollar index. He says that there is risk of the rupee extending its fall and touching 61.5-62 levels.
Gold is holding near its weakest level in two weeks, after falling more than 1 percent.
Gold fell on Tuesday as safe-haven demand ebbed after Cyprus clinched a last-ditch rescue deal, while the European Central Bank worked to allay anxiety that the bailout could have negative implications for other euro zone states.