While sales of medium and heavy commercial vehicles (MHCVs) went up by 12% to 17,057 units, those of light commercial vehicles increased 58% to 5,396 units in the period under review.
Auto makers such as Maruti Suzuki and Tata Motors reported steady growth with new models Swift and Nexon pushing up sales numbers last month.
Cumulative sales of passenger vehicles in the domestic market for the entire fiscal year (2017-18) grew by 22% to close at 187,321 units compared to 153,151 unit recorded the previous year.
As per the agreement, Suzuki will supply premium hatchback Baleno and compact sports utility vehicle Vitara Brezza to Toyota, while Toyota will supply executive sedan Corolla to Suzuki.
Jaguar Land Rover and Waymo, formerly Google self-driving car project, will work together to design and engineer self-driving Jaguar I-PACE vehicles.
This increase in price is owing to rising input costs and implementation of AIS 40 regulation, the company said in a statement.
Acquiring UK-based Parkinson Harness Technology would be the third strategic venture by Aurangabad-based Dhoot Transmission in the past year.
Automobile sales in Asia’s third largest economy grew 9.5% last year to more than 4 million units, outpacing Germany’s 3.8-million vehicle sales.
Petkar will take charge of the new responsibilities with effect from 1st April 2018.
When fully operational, the facility will take the total combined installed capacity to 11 million units of motorcycles and scooters per annum.
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