MUMBAI – India’s auto makers sold 123,684 cars and utility vehicles in December, a 23% increase over year-ago, delivering more than 1.5 million passenger vehicles for entire 2006, 17.7% ahead of 2005. Auto makers initially expected the month to be lean, but sales incentives and the possibility of a price hike in January made December one of the market’s best-selling months. With this last-minute performance, the auto industry marked a third successive 23% compound annual growth rate ...

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