Two-wheeler sales in India for December 2016

The year 2016 has ended on a sad note for most two-wheeler manufacturers in India. Most companies witnessed a substantial decline in sales. TVS Motor witnessed an around 9 per cent decline while Hero MotoCorp registered a 33.91 per cent drop in sales in December 2016. Clearly, the government of India’s sudden decision to ban Rs 500 and Rs 1,000 notes have had a huge impact on two-wheeler sales. Also, the cash shortage across the country has made prospective buyers think twice. However, Royal Enfield registered a growth of 41 per cent in…