Improved economic activity, higher construction and road infrastructure development and improvement in mining activities helped India's commercial vehicles industry register its highest sales performance in 2017-18.

The company’s sales from exports (from CV and PV) in June 2018 was at an impressive 5,246 units compared to 3,504 units last year, a growth of 50 per cent.

The demand for Indian-made vehicles could be fuelled globally with BS VI compliant vehicles being made mandatory from April 2020, says India Ratings report. The domestic automobile industry has witnessed strong sales volume growth in FY18 backed by commercial vehicles, according to the March edition of the credit news digest on India’s auto sector of the India Ratings and Research (Ind-Ra).

India Ratings and Research (Ind-Ra) has published the March edition of its credit news digest on India’s Auto sector. The report highlights the trends in the sub-segments of auto sector, including passenger vehicles (PV), commercial vehicles (CV) and two-wheelers (2W), with a focus on sales volumes growth, market share movement, change in commodity prices and the recent rating actions.

Tata Motors registered a strong sales performance with its commercial and passenger vehicles domestic sales in January 2018 at 59,441 units as against 41,428 units in January 2017, a growth of 43 per cent.

The impact of government policies and a generally bad quarter has left the commercial vehicle industry grappling. However, the ICRA remains hopeful about the forthcoming half of FY 2018, citing several factors that can lead to the CV sector growing by seven per cent.

Pune-based RSB Transmissions (I) Ltd, a global engineering institution with a turnover in excess of Rs 1,400 crore, received the Excellence in Quality Award.

According to ICRA report, auto component industry margins expand on commodity support despite the weak top line momentum. ICRA’s study of 48 publicly listed auto ancillaries reveal commodity linked margin expansion which has eclipsed pain of slow growth for the auto component industry in the current fiscal. The sample of 48 listed companies constitutes around 25 per cent of auto components industry’s turnover.

The Indian automotive battery market is projected to grow at a CAGR of approximately 13 per cent during 2013-18, in value terms.