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."
Demonetisation led to drop in sales for Hero. Pic: Company website
Closing Bell: Sensex, Nifty rise on the US Fed rate cut hopes; TCS, JSW Steel, Hero MotoCorp stocks gainHereo 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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