Friday, 2 December 2016

Sensex, Nifty still in red

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Country's largest two-wheeler maker Hero MotoCorp reported a 12.86 percent fall in sales at 4,79,856 units in November. The company 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.

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