Hero MotoCorp sales down 13% in November

The company said it saw a drop in retail sales after the demonetisation initiative

From(L)to(R) Pawan Munjal CMD,HMCL with Markus Braunsperger Chief Technology Officer,HMCL and Malo Le Masson Head Global Product Planning, HMCL at the launch of All New Achiever-150 Dalip Kumar — From(L)to(R) Pawan Munjal CMD,HMCL with Markus Braunsperger Chief Technology Officer,HMCL and Malo Le Masson Head Global Product Planning, HMCL at the launch of All New Achiever-150 <b> Dalip Kumar <b>

Last Updated : Dec 02 2016 | 11:51 AM IST

Country's largest two-wheeler maker Hero MotoCorp on Friday reported a 12.86 per cent fall in sales at 4,79,856 units in November.

The company sold 5,50,731 units in November 2015, Hero MotoCorp said in a BSE filing.

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

"With a 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," it added.

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First Published: Dec 02 2016 | 11:32 AM IST