India’s Car Market Defies Predictability

MUMBAI – India’s light-vehicle sales in January increased 9.8% from year-ago to 293,074, according to WardsAuto data. It was the highest monthly total ever recorded by the country’s auto industry.

However, January’s results trail India’s record 29.5% annual growth rate over the previous two years. Market analysts say that at last month’s rate, sales in the April 2011-March 2012 fiscal year may not meet even the thrice-revised projection of 2% ...