Tata Motors global sales grow by 12% in July

Tata Motors reported a 12 per cent increase in global sales in July at 98,534 units, including those of Jaguar Land Rover (JLR) vehicles. The company had sold 88,159 units in July 2016, Tata Motors said in a statement.

In the passenger vehicles category, global sales stood at 66,508 units last month as against 57,796 during the same period in 2016, a growth of 15 per cent.

Sales of luxury brand Jaguar Land Rover were up 17 per cent to 51,425 units in July compared to 43,932 in the same month of 2016. Tata Motors said sales of its commercial vehicles rose by 5 per cent to 32,026 units as against 30,363 in the year-ago month.

In June, Tata Motors saw a marginal drop in sales of 9 per cent in overall volumes due to the pre-GST sentiment.

The company said that mixed consumer sentiments towards the implications of GST impacted the passenger vehicle business sales which dropped by 10 per cent, even though the company’s commercial vehicles business grew on a month-on-month basis.

The company sold a total of 40,358 vehicles (passenger and commercial) last month, 9 per cent lower than the 44,525 vehicles that were sold in June 2016.

Tata Motors’ domestic sales for June 2017 were at 36,854 vehicles, lower by 5 per cent over 38,718 vehicles sold in June 2016. With respect to passenger cars, the company recorded sales of 11,176 units this June, lower by 10 per cent over the same period last year.

The automaker has had a largely positive year, backed by its popular new launches – Tiago, Tigor and the Hexa, and the drop in volumes is seen as a temporary affair.

(Agencies)

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