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Bajaj Auto, TVS Motor fall on duty drawback cut

Shares of two-wheeler manufacturers Bajaj Auto and TVS Motor fell 1-1.5 percent in early trade after the government has slashed export duty drawback to 2 percent from 5.5 percent.
Govt slashes export duty drawback, auto makers to get hurt

The government has reduced the export duty drawback from 5.5 percent to 2 percent, reports CNBC-TV18's Sonia Shenoy.

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