luxury carmaker Mercedes-Benz India on Wednesday said footfalls at its showrooms across the country fell by up to 60 per cent in November due to banning of high denomination notes by the Union government. The wholly-owned subsidiary of the German auto major Mercedes-Benz is also expecting its sales to fall marginally in India during the current year, mainly on account of ban on large diesel vehicles in the National Capital Region till the middle of August.
“Due to the demonetisation drive by the Government, there is a short-term impact on footfall in our showrooms. It has fallen by 50-60 per cent in November. Some of the potential customers might have lost some cash,” Mercedes-Benz India Managing Director and CEO Roland Folger told PTI here. Declining to share sales figure for the month, he added the company hopes that the trend will be ‘normalised’ in the next one or two months with people "just postponing" their purchases as the policy decision had an ‘emotional impact’.