The country’s largest two-wheeler maker Hero MotoCorp today reported a 12.86 per cent fall in sales at 4,79,856 units in November.
The company had sold 5,50,731 units in November 2015, Hero MotoCorp said in a BSE filing.
The company said it saw a drop in retail sales after the demonetisation initiative when the entire industry witnessed decline in sales.
“With a slew of measures being implemented by the government and several initiatives immediately undertaken by Hero MotoCorp to support its dealers and consumers, the company expects the situation to steadily improve,” it added.