The latest price data, marginally up from January’s 3.17 percent, represents a slight pick-up in the pace of remonetisation, led by an increase in food prices.
Tata Motors today reported about 3 per cent rise in global sales in February at 1,03,064 units, including that of Jaguar Land Rover (JLR) vehicles.
"Domestic sales of Tata commercial and passenger vehicles for February 2017 were at 42,679 numbers, higher by 3 percent, over 41,532 numbers in February 2016," it said in its filing.
The company had sold 10,312 units in the domestic market in February last year, Toyota Kirloskar Motor (TKM) said in a statement.
Three-wheeler maker Atul Auto today reported a 18.46 per cent decrease in sales at 2,862 units in February.
Honda Cars India Ltd (HCIL) today reported a 9.44 percent increase in domestic sales at 14,249 units in February.
After four months of intense selling, overseas investors turned net buyers in February and have so far pumped in over Rs 5,800 crore in the capital market, enthused by clarity on FPI taxation.
Currency circulation is likely to normalise by the end of February as nearly 70 percent of the notes will be remonetised by then, a report said today.
Sources tell CNBC-TV18 that elections for 5 states may be held between the second week of February and March of next year.
"The higher prices of seaborne coal prompted power plants to increase the use of domestic coal, causing 1H16 imports to drop 13.1 percent y-o-y," the ratings agency said.
Retail inflation fell to 4.83 percent, compared to economists' forecast of 5.05 percent, while industrial output rose to 2 percent compared to estimates of 1.5 percent.
The yearly SBI Composite Index for February is at 51.3, compared to last month index of 47.3. Meanwhile, the monthly Index declined to 49.5 in February, from 52.4 in January 2016.
Inflation, as measured by the wholesale price index (WPI), fell to a steep -2.06 percent, marking the fourth straight month of deflating prices.
With the February CPI and January IIP data due to be released in the evening today, CNBC-TV18‘s Latha Venkatesh and Sonia Shenoy spoke to Indranil Pan, chief economist, Kotak Mahindra Bank to discuss his outlook on the trajectory.
HMSI's motorcycle sales, however, declined by 2.25 percent to 1,39,334 units last month compared with 1,42,549 units in February 2014.
Analysts expect the recent upward run in the market to continue but warned a rally may interspersed with bouts of volatility or consolidation.
A 17 percent year-on-year fall in imports is a big plus point signalling that the government's efforts at containing deficit has paid off. However, a fall in exports after seven months of consecutive growth somewhat marred the achievement.
In an interview with CNBC-TV18, Rajiv Bajaj said the auto market is finally seeing signs of bottoming out and that the company is looking to add to its 19 percent market share with new models such as its recently-launched next-generation Discover 125cc.
Pune-based auto maker Bajaj Auto today reported a 7 per cent decline in motorcycle sales at 2,81,390 units in January 2014.
India received foreign direct investment (FDI) worth USD 1.79 billion in February, 2013- a decline of about 19 percent due to global economic slowdown.
The industrial output numbers for the month of February has come in better-than expected at 0.6 percent against an expectation of a contraction.
Growth in China's vast manufacturing sector picked up in March, a preliminary survey of factory managers showed on Thursday, recovering from a holiday-driven dip the month before but still short of January's strong performance.
The February WPI inflation came in higher-than-expected at 6.84 percent. A CNBC-TV18 poll had estimated it at 6.5% vs 6.6% in January 2013.
Tata Motors on Wednesday said it sold 98,837 units globally in February, down 22 percent year-on-year.
Tata Motors slipped over 1 percent on Wednesday morning after its Jaguar Land Rover unit reported subdued growth in February sales.