Tata Motors Ltd.'s domestic sales rose in July as it cut prices of its trucks to pass on the benefit of lower levies under the Goods and Services Tax and ramped up production of heavy vehicles complying with newer emission standards.
The company sold 42,775 commercial and passenger vehicles in the domestic market in July, 13 percent higher than the same month last year, according to its exchange filing.
The country's largest commercial vehicle maker's truck sales rose 10 percent to 8,640 units over a year ago. That was largely driven by higher production of vehicles complying with the Bharat Stage-IV norms and price cuts, the company said. New models in the 49-ton and 37-ton categories also gained traction. The intermediate and light commercial vehicle sales grew 28 percent to 3,354 units, led by a good response to the new Ultra range.
Passenger vehicles sales rose 10 percent to 14,933 units, as demand for the Tata Tiago and the Tata Tigor remained steady. The utility vehicle segment growth more than doubled on the back of sales of the Tata HEXA, while its car sales fell 1 percent to 12,125 units.
The automaker's exports declined 36 percent in July to 3,441 units due to lower volumes in Sri Lanka and Nepal.
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