Monthly Sales Analysis – November 2016
November 2016 sales numbers have been released by SIAM and the team at EMMAAA has analysed the numbers in detail.
November 2016 was hit by demonetisation as the surprising move by government caught everyone by surprise.
The demonetisation move impacted sales in November across segments and we fear that the next 3-4 months may continue to be rattled by the move.
Over the long-term, demonetisation may result in a slowing down of the economy for a few quarters and will have an adverse impact on vehicle sales.
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