Hyderabad sources have stated that Demonetization has severely affected the automobile business in the city with several dealers saying that there has been a nearly 50 % drop in footfall and sales in the last 15 days. It was stated that after the ban on 500 and 1,000 notes, sales of cars as well as two-wheelers have seen a massive dip in the city. Officials at several dealerships said mid-size and small car segments have felt the pinch the most.