Demonetisation

Cash woes hit vehicle sales, biggest slump in 43 months

“Demonetisation has had a significant impact in the November sales across all segments of vehicles. But is that the bottom, one can’t say; the performance over the next couple of months would reveal the actual impact. The expected rate cut also did not happen and could prolong the pain for the short-term.”

Sridhar V
Partner, Grant Thornton India LLP

This article apeared in The Hindu on 09th December, 2016.