Car Sales Surge in India

Highlights include Honda Motor Co., Ltd. (HMC), Toyota Motor Corp. (TM), Nissan Motor Co., Ltd. (NSANY) and General Motors Corp. (GM).

Indian Car Sales Surge, European Sales Drop - But Not as Fast as U.S.

More car sales indicate that growth in India and China is continuing, while sharp drops are being seen in the U.S., Europe and Japan. European registrations dropped 18%, following a 27% drop in January.

Indian sales increased 22%, following 4 months of declines. This is due to some easing of credit in India (interest rates are still 10%), tax cuts aimed to increase car ownership, new models launched that spurred some interest and strong personal income growth.

Both India and China are starting to see improvements in the auto market. Perhaps the rest of the world can start to follow. Honda Motor Co., Ltd. (HMC), Toyota Motor Corp. (TM) and Nissan Motor Co., Ltd. (NSANY) are set to most benefit from the India/China trends, followed by General Motors Corp. (GM).

Read the full analyst report on HMC

Read the full analyst report on TM

Read the full analyst report on NSANY

Read the full analyst report on GM