The company's domestic sales stood at 1,33,934 units, up 25.9 per cent from 1,06,383 in January last year, MSI said in a statement.
"The cash crunch impacted demand and tractor sales in the industry dropped around 14% in November," said Shenu Agarwal, chief sales and marketing officer, Escorts Limited.
The company's next target is to reach the 1-million mark in India as soon as possible.
Total income from operations during the period under review increased by 8.18% to Rs 4,723.58 crore as against Rs 4,366.35 crore in the year-ago quarter.
In the quarter under review, Maruti Suzuki’s net sales went up by 12.4 per cent to 16,623.6 crore. Vehicle sales in the period grew by 3.5 per cent to 3,87,251 units.
They come from high income families and reside mostly in metroes. The company said that bike is designed for multiple uses, both for commuter and leisure purposes.
The balance shareholding will be with European Bank for Reconstruction and Development (18.7 per cent) and the founding Turker family (6.2 per cent).
Vivek Srivastava, senior GM (marketing), passenger vehicle business unit, Tata Motors said 60% bookings are for the automatic version.
App-based cab operators accounted for over 100,000 cars, or almost one-third of total sales to fleet operators last year, up from around 70,000
Groupe Renault worldwide passenger car and light commercial vehicle sales rose by 13.3% in 2016, against 4.6% for the market as a whole.
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