 "Heavy discounts likely to dispose of car stock")
Sales of passenger vehicles (cars, vans and utility vehicles) in the domestic market remained in the growth lane in May. Helped by double-digit growth at Maruti Suzuki, Honda and Tata Motors.
After 14.7 per cent growth in April, first month of financial year 2017-18, sales in May are estimated to have grown around nine per cent, in spite of the possibility of a price cut in some segment of cars from July 1, when the national goods and services tax (GST) takes effect.
Maruti Suzuki, the biggest in car sales, reported a 15.1 per cent jump in domestic sales of passenger vehicles
