united news of india
New Delhi, Jan 1: The combined Index of Eight Core Industries stands at 123.9 in November, 2017, which was 6.8 per cent higher compared with the index of November 2016. Its cumulative growth during April to November, 2017-18 was 3.9 per cent.
The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). According to the data released by Ministry of Commerce and Industry, coal production (weight: 10.33 per cent) declined by 0.2 per cent in November 2017 over November 2016. Its cumulative index increased by 1.5 per cent April to November 2017-18 over corresponding period the previous year.
Crude Oil production (weight: 8.98 per cent) increased by 0.2 per cent in November 2017 over November 2016. Its cumulative index declined by 0.2 per cent during April to November, 2017-18 over the corresponding period of the previous year.
Natural Gas production (weight: 6.88 per cent) increased by 2.4 per cent in November 2017 over November 2016. Its cumulative index increased by 4.4 per cent during April to November 2017-18 over the corresponding period the previous year.
Petroleum Refinery production (weight: 28.04 per cent) increased by 8.2 per cent in November, 2017 over November, 2016. Its cumulative index increased by 3.6 per cent during April to November, 2017-18 over the corresponding period of previous year.
Fertilizer production (weight: 2.63 per cent) increased by 0.3 per cent in November, 2017 over November, 2016. Its cumulative index declined by 1.1 per cent during April to November, 2017-18 over the corresponding period of previous year.
Steel production (weight: 17.92 per cent) increased by 16.6 per cent in November, 2017 over November, 2016. Its cumulative index increased by 7.2 per cent during April to November, 2017-18 over the corresponding period of previous year.
Cement production (weight: 5.37 per cent) increased by 17.3 per cent in November, 2017 over November, 2016. Its cumulative index increased by 0.6 per cent during April to November, 2017-18 over the corresponding period of previous year.
Electricity generation (weight: 19.85 per cent) increased by 1.9 per cent in November, 2017 over November, 2016. Its cumulative index increased by 4.9 per cent during April to November, 2017-18 over the corresponding period of previous year.
Domestic demand hikes Dec auto sales
New Delhi: Robust domestic demand along with end of season discount offers led to automobile manufacturers reporting healthy sales figures for December. Passenger car major Maruti Suzuki India’s total sales rose 10.3 per cent to 130,066 units from 117,908 units sold during the corresponding month of 2016. “Maruti Suzuki India Limited, leader in passenger vehicles, sold a total of 130,066 units in December 2017, growing 10.3 per cent over the same period of last fiscal,” the auto major said in a statement. Maruti Suzuki’s domestic sales edged higher by 12.1 per cent to 119,286 units from 106,414 units, whereas, exports dipped by 6.2 per cent, with 10,780 units that were shipped out during last month, up from 11,494 units sold abroad in December 2016. Similarly, Hyundai Motor India too reported a healthy growth in its overall sales. HMIL’s total sales including exports for December 2017 total sales rose by 10 per cent to 62,899 units from 57,164 units sold during the corresponding month of 2016. Domestic sales during the month under review increased to 40,158 units from an off-take of 40,057 reported during December 2016.
