INDIA CAR SALES POST FIRST GAIN IN 5 MONTHS ON RATES

India’s passenger-car sales climbed for the first time in five months in February as lower auto-loan rates spurred demand for the hatchbacks of Maruti Suzuki India Ltd., Hyundai Motor Co. and General Motors Corp.

Sales rose 22 percent from a year earlier to 115,386, the Society of Indian Automobile Manufacturers said in a statement today in New Delhi. Ten of 13 carmakers posted a gain while Renault SA, France’s second-largest carmaker, and Volkswagen AG’s Skoda Auto AS reported a drop.

Bloomberg