Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
India’s domestic vehicle sales jumped during the month of July, largely driven by robust sales of utility vehicles including Maruti Suzuki's Vitara Brezza and Hyundai's Creta. The jump pointed towards a robust automobile sector within the Indian economy.
India’s domestic passenger vehicle (PV) sales stood at 2,59,685 units in July as against 2,22,368 units in the same month last year, data released by Society of Indian Automobile Manufacturers (SIAM) showed Wednesday.
In addition, local car sales stood at 177,604 units compared to 162,022 units y/y. The two-wheeler sales rose to 1.48 million units compared to 1.3 million, while truck and bus sales rose slightly to 51,853 units versus 51,795 during a year ago period.
Growth in overall passenger vehicle sales was driven by UVs, which saw a jump of 41.85 percent to 64,105 units as against 45,191 units in the same month last year. Further, market leader Maruti Suzuki India saw domestic car sales increase by 2.21 percent in July to 93,634 units from 91,602 units a year ago. Its utility vehicle sales jumped 151 percent to 17,382 units from 6,916 units.
Moreover, rival Hyundai Motor India Ltd (HMIL) also saw its car sales increase by 12.15 percent to 33,197 in July as against 29,599 units in the same month last year. The company saw its UV sales rise 15.93 to 8,004 units during the month from 6,904 units in July last year.
UVs major Mahindra & Mahindra's sales were up 20.88 percent at 15,962 units as against 13,204 in the year-ago period. Tata Motors' car sales last month were up 43.29 percent at 12,209 units as against 8,520 units in July 2015 but its UV sales were down at 1,338 units from 1,815 units last year.
In addition, Toyota Kirloskar Motor's UV sales were up 18.6 percent at 8,356 units last month as against 7,045 units in July last year. This was mainly on the back of its newly launched Innova Crysta multi-purpose vehicle.
"The new models in the UV segment have created a lot of excitement in the market. Also, the sentiment is positive due to better rains and coming of the seventh Pay Commission," said Sugato Sen, Deputy Secretary General, SIAM.
