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Auto, tractor companies suffer Rs 8,000 crore revenue loss due to demonetization

Auto, tractor companies suffer Rs 8,000 crore revenue loss due to demonetization

Thursday, March 2, 2017, 4:21 PM

The Indian automobile and tractor sectors suffered a revenue loss of Rs 8,000 crore in November and December due to demonetization, according to Mahindra & Mahindra Managing Director Pawan Goenka. Sales momentum slowed in November after the ban on 500 and 1000 rupee notes, after the highs of September and October in the festive season.
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