The index for Manufacture of Motor Vehicles, Trailers and Semi-Trailers group rose by 0.2 per cent to 111.2 from 111.0 for the previous month due to higher price of release valve (3 per cent), crankshaft (2 per cent) and cylinder liners, ignition device, wheels/wheels & parts, shafts of all kinds, chassis of different vehicle types and passenger vehicles (1 per cent each).
Earlier in the day, the government released data on Inflation based on wholesale prices.
Vegetables prices grew 7.29 percent in April as compared to 11.70 percent in March, while pulses continued to witness deflation and contracted (-) 12.35 percent in April from (-) 13.4 percent a month ago.
The index for "Crude Petroleum and Natural Gas" group rose by 2.4 percent to 82.1 (provisional) from 80.2 (provisional) for the previous month due to higher price of natural gas (4 percent) and crude petroleum (two percent). Deflation in vegetables was 0.89 per cent in April, while in the previous month it was 2.70 per cent.
As inflation based on wholesale prices rose to 3.18 per cent in April, India Inc today said the cascading impact of rising crude oil prices would be one of the key worry areas for India?s economy going forward.
"The government may prefer to wait for additional information about the level at which the monthly GST revenues stabilise after the e-way bill introduction, before reducing excise duty on fuels", she said.
The WPI inflation for February was revised upwards to 2.74 per cent from the provisional estimate of 2.48 per cent.
In its first monetary policy review for the fiscal, the Reserve Bank last month maintained status quo on interest rate citing inflationary concerns. The Central bank has fixed medium-term target of CPI Inflation at 4 percent.