During October-November 2016, India’s largest carmaker saw a decline in bookings and True Value sales
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The Government of India’s sudden decision to scrap the Rs 500 and Rs 1,000 notes have had a far-reaching impact across the country. What further complicated is the short supply of new Rs 2,000 notes. This has caused a cash shortage across the country. Understandably, this has resulted in a slowdown of sales across different businesses. Automobile manufacturers too have been hit hard.
Maruti Suzuki has revealed that its bookings declined by 20 per cent during the October-November 2016 compared to the corresponding period last year. The…
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