Tata Nanos Aren’t Cheap Enough as India Chooses Motorbikes: Cars

India’s inflation is producing an unexpected beneficiary. Motorcycle makers are poised for record sales this year as the highest borrowing costs among Asia’s major economies push consumers to choose a cheaper ride.

Two-wheeler deliveries rose 2 percent in October, extending consecutive monthly gains since January 2009, while passenger-vehicle sales tumbled the most in more than a decade, as the central bank implemented the fastest round of interest rate increases in its history.