Up move in Automobile prices

Reopening after the local holiday, Indian share markets witnessed slip in trading activity throughout the day and ended the day on a dull note. Stocks in metals, oil and gas sector leading the losses. The Sensex ended lower by 300 points (0.88%) and Nifty closed down by 99.5 points due to fears over global trade war coupled with political uncertainty in Italy.
In Tuesday’s trade, it is expected to see some stability in the market. In automobiles, Mahindra two wheelers rolled out Mojo UT 300, a new variant of 300 cc premium sports bike at Rs.1,49,000 on Monday. It has an introductory benefit of Rs.10, 000 for all bookings this month.
Maruti suzuki said its highest selling model Alto has crossed 3.5 million cumulative sales mark. It gains 33% market share and the growth rate of Maruti cars are 6 % in 2017-18. Tata motors launched Zest Premio at Rs.7,53,000 on Monday, which attract the customers for its value proposition. All this points represent these stocks likely provide up move in prices in coming days.

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