Hero MotoCorp says November sales fall after demonetisation

The company said, "... saw a drop in retail sales after the demonetisation initiative when the entire industry also witnessed decline in sales."

Hero MotoCorp says November sales fall after demonetisation
Demonetisation led to drop in sales for Hero. Pic: Company website

Hereo MotoCorp on Friday said that its two-wheeler sales fell to 4,79,856 units in November 2016 after Government's demonetisation drive. 

The company said, "... saw a drop in retail sales after the demonetisation initiative when the entire industry also witnessed decline in sales."

It further said, "With the slew of measures being implemented by the government, and several initiatives immediately undertaken by Hero MotoCorp to support its dealers and consumers, the Company expects the situation to steadily improve."

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Written By: ZeeBiz WebTeam
Updated: Fri, Dec 02, 2016
09:30 AM IST
Mumbai, ZeeBiz WebDesk
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