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Honda India sales hit by Demonetization

Honda Cars India Ltd. (HCIL) reported that its November 2016 domestic sales dropped 45% y/y to 8,029 units versus 14,712 units in the year previous.
HCIL sales dropped due to the on-going effects of demonetization and the resulting cash crunch. 
HCIL stated that the consumer sentiment was low in the previous month a....

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