Stock Market Tips, Car sales zoom over 16% in April, Maruti, Tata, Honda contribute the most

Strong performances by Maruti Suzuki, Honda, Tata Motors, and Toyota helped passenger vehicle sales grow 16 percent in April.

New launches in recent months continued to drive sales for many companies. Sports utility vehicles remained on a growth path.

Market leader Maruti Suzuki clocked record monthly domestic sales of 144,492 vehicles, 23 percent more than the 117,045 vehicles sold in April 2016. All segments of vehicles except vans posted double-digit growth for Maruti: the mini segment (Alto and WagonR) grew by 22 percent the compact segment (Swift, Celerio, Ignis, Baleno, and Dzire) by 39 percent; and utility vehicle by 28 percent.

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