The Company is engaged in manufacture of motor vehicles.
Exports of the Mumbai-based automaker were down 54 per cent at 1,855 units in June against 4,020 units in the same month a year ago. Despite this, vehicle companies reported a low growth in sales in July.
Now, let's look at how the company's sales moved, model-wise, in June 2017. The passenger vehicle business sales slid 10% to 11,176 units while commercial vehicles' domestic business reported sales of 25,678 units, falling 2%, as compared with June 2016.
The company said sales of compact models comprising Swift, Estilo, Dzire, Baleno and Ignis rose 1.3 per cent to 40,496 units last month as compared to 39,971 units in June a year ago.
Vans, including Omni and Eeco, saw sales dip by 6.7 per cent to 9,208 units last month compared to 9,874 units in the same period of the previous year. However, UV sales this June are the lowest for the carmaker this year, indicating that a good number of consumers have waited for GST to kick in and deliver sizeable price benefits, considering that UVs and larger cars are the biggest beneficiaries of the biggest tax reform ever attempted in the country. The Company's segments include automotive operations and all other operations.
Le gouvernement envisage de revoir son calendrier — Politique fiscale
Selon Les Echos , elle n'aurait pas les faveurs de tout le monde à Bercy en raison des effets d'aubaine qu'elle peut générer. Ce dispositif bénéficiera au total à 18 millions de ménages et coûtera plus de 10 milliards d'euros par an à l'État .
However, pricing of the Ciaz SHVS and Ertiga mild hybrids has increased.
Hyundai Motor India, like Maruti Suzuki India, has felt the pressure of slow sales in June.
Utility vehicle major Mahindra and Mahindra also reported a 3 per cent decline in domestic sales at 33,861 units last month. "This drop in volume is seen temporary and will be recovered in the quarter to come based on 11 per cent growth in April-June 2017 quarter compared to the past year", Tata Motors said in a statement. However, the firm expects a "positive demand pull" post successful implementation in the coming months, as the industry will witness heightened level of customer interest in a seamless and unified single market. We are closely observing GST and strongly believe that once we tide over the initial uncertainties, GST is set to usher in a new era for the economy in general and the automotive industry in particular. "I am pretty confident, this year we will see a turnaround, whether it is 2%, 5%, or 7%, but we will see a turnaround for sure", he said.
The automobile major said its domestic sales for last month fell by five per cent to 36,854 units from 38,718 units sold in June 2016. "This drop in volume is seen temporary and will be recovered in the quarter to come based on 11% growth in April-June 2017 quarter compared to the past year", it said. Tata Motors Ltd has a 52-week low of $31.71 and a 52-week high of $44.79.
Automobile major Tata Motors on Saturday reported that its total sales including exports during June declined by nine per cent to 40,358 units from 44,525 vehicles sold during the same month a year ago. "This strategy has been undertaken to ensure that there is minimum burden on our dealer partners and they can focus on clearing the existing stocks at the dealerships".
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