India car sales buck oil's gloomy trend

Mumbai

INVESTORS looking for a break from the doom and gloom of the past two years in the oil market need only turn to a hot, noisy lot in Mumbai.

There on a recent Saturday, a tall, cricket-loving, 34-year-old engineer named Anil Gaikwad took part in a rite of passage that for nearly a century has helped define entry to India's middle class: he bought a car. And with that, his life got easier as he cut his commuting time and parked his motorcycle.