Bengaluru, Aug. 1 -- India's consumption story may finally be shifting into a higher gear, with the country's largest carmaker reporting record sales that point to a broad-based revival in middle-class spending, improving consumer confidence and stronger discretionary demand.
In what could become one of the clearest indicators yet of a recovering domestic economy, Maruti Suzuki on Saturday became the first Indian automobile manufacturer to sell more than two lakh passenger vehicles in the domestic market in a single month, riding on a sharp resurgence in entry-level cars, record CNG demand and sustained appetite for SUVs.
The milestone comes after several years in which India's entry-level car market, widely regarded as a proxy for the fi...