Auto sales fall for 1st time in 11 months due to note ban
Automobile sales in November declined for the first time in 11 months as the decision to demonetise high-value currency dampened demand for commercial vehicles and two-wheelers. Total sales plunged 5.48%, the steepest decline since March 2013, official data stated. "Looking at the current retail trends, the growth for this fiscal year might either be single digit or flat,” analysts said. 