What is surprising about Maruti Suzuki’s passenger car volumes in November is the extent of the fall. At over 27 per cent, this must be one of the sharpest declines in any month.
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India’s largest car manufacturer Maruti Suzuki India has reported 27.4 per cent dip in car sales during the month of November this year. While the company had sold 64,885 units in the corresponding month last year, it sold 47,103 units during November, 2008.
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NEW DELHI: Reluctance of banks to give auto loans coupled with record-high interest rates crippled car sales in November with market leader Maruti Suzuki witnessing one of its sharpest fall in monthly sales which crashed 27% at 47,704 units against 65,216 units in the same month last year.
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