While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
'Indians are great savers, but they are lousy investors.'
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!