Demonetization to hurt sales of Entry level Bikes for short term: ICRA
Nov15

Demonetization to hurt sales of Entry level Bikes for short term: ICRA

Demonetization to hurt sales of Entry level Bikes for short term: ICRA The recent move by the Government of India to ban the legal tender character of the high denominated bank notes of Rs 500 and Rs 1000 issued by Reserve Bank of India (RBI) from the midnight of November 08, 2016 is expected to have a moderate adverse impact on the domestic two wheeler sales volumes in the near term – a sector which appears to have been on steroids...

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