Initial estimates suggest wholesale volume last month rose in healthy double digits of 13-14% and may have inched ahead of March 2012 peak of 295,403 units.
While sales of mini cars Alto and WagonR grew by 20.7% to 42310 units, those of compacts (Swift, Celerio, Ignis, Baleno and DZire) rose 25.3% to 63116 units.
The government had said it would not provide input tax credit for levies such as central sales tax, infra cess, and national calamity contingent duty on such inventory.
This will enable Maruti Suzuki to outpace the passenger vehicle segment's growth going forward.
NEXA Service will be expanded in phases. The company aims to put in place 60-70 such workshops by the end of the current financial year and a total of 300 workshops by 2020.
For Hyundai India, the GST has emerged as a bigger challenge than demonetisation as buyers were still in the process of stabilising their operations.
Sales of passenger vehicles in Haryana had dropped 2% in FY16 after the Supreme Court banned registration of larger diesel vehicles in the National Capital Region for 8 months.
Revenues from operations grew by 7.5% to Rs 8612.91 crore in the period under review.
Folger, the Mercedes Benz MD for India, said the German automaker is heavily investing in tech for electric mobility and these vehicles may make their way to India by 2020.
The growth expected in the segment this year will come, said industry executives, despite a 6-8% increase in the prices of construction machines under GST regime.
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