Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Charts & Analysis

Hero MotoCorp Bitten By Demonetization Bug, Sales Down 34% or 1.7 Lakh Units

Indian-Automobile-Sales-Hero-MotoCorp-December-YTD-2016.png

Hero MotoCorp Bitten By Demonetization Bug, Sales Down 34% or 1.7 Lakh Units
Observing a week-long scheduled production holiday, Hero MotoCorp shut its Neemrana, Haridwar and Gurgaon plants while keeping the Dharuhera plant open. The shutdown was termed as annual maintenance which generally takes place at the end of December.
Hero MotoCorp reported sales of 330,302 units in December, 2016 against 499,665 units during the same time last year resulting in a contraction of 34%.
Hero MotoCorp Bitten By Demonetization Bug, Sales Down 34% or 1.7 Lakh Units
Note: Sales numbers presented here are manufacturer reported sales numbers i.e. factory dispatches to dealerships. They are NOT retail sales figures to end customers.
Love it or hate it, do leave us with your reviews in the comment section below!