MUMBAI – India’s February auto sales brought good news and bad. Passenger-car sales end a 4-month slide, jumping 21.8% in the month to 115,386 units, compared with year-ago’s 94,757, the Society of Indian Automobile Manufacturers reports, crediting government tax cuts and an easing of bank credit for helping boost consumer confidence. However, commercial-vehicle deliveries, considered an economic indicator, plummeted in February, prompting analysts to warn the industry’s long-term ...
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