Automakers fall; November sales plunge

Last Updated: Fri, Dec 02, 2016 11:03 hrs
Mahindra E20

** Shares of Indian auto makers fall after companies report sharp declines in monthly sales as demonetisation hurts consumer demand

** Mahindra & Mahindra falls 0.17 pct, TVS Motor 1.06 pct lower, Hero MotoCorp down 0.66 pct and Bajaj Auto drops 0.77 pct

** Analysts expect sales of two-wheelers and tractors in rural areas to suffer most

** Demonetisation expected to hit passenger vehicle sales in coming 3-6 months - Deutsche Bank

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