It's really recession - Maruti sales decline 27.4%

India's no. 1 car market today said that its sales have declined 27.4% during November.

The domestic sales are down 26.9% at 47,704 unites against 65,216 unites same month last year.

Exports grew 11.7% at 5007 units from 4483 units.

This is basically due to decrease in consumer spending. People are now not willing to spend much on luxories.