Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

Hero MotoCorp Bitten By Demonetization Bug, Sales Down 34% or 1.7 Lakh Units

2 Jan 2017Aakash Agarwal1 min read

Quick Facts

What is "Hero MotoCorp Bitten By Demonetization Bug, Sales Down 34% or 1.7 Lakh Units" about?
What category is this article in?: Charts And Analysis
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 2 January 2017.
How long does this article take to read?: 1 min read
What topics does this article cover?: Hero MotoCorp

Observing a week-long scheduled production holiday, Hero MotoCorp shut its Neemrana, Haridwar and Gurgaon plants while keeping the Dharuhera plant open. The shutdown was termed as annual maintenance which generally takes place at the end of December.

Hero MotoCorp reported sales of **330,302 units in December, 2016 against 499,665 units **during the same time last year resulting in a contraction of 34%.

Note: Sales numbers presented here are manufacturer reported sales numbers i.e. factory dispatches to dealerships. They are NOT retail sales figures to end customers.

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