Demonetisation effect: Maruti Suzuki bookings dropped by 20 per cent

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...

Updated Date: Dec 26, 2016 18:42:57 IST