Mumbai, Aug 01: India's largest automobile company, Tata Motors reported 15% on-year rise in its total sales for July at 74,159 vehicles amid rising fuel cost and higher interest rates. Sales in domestic market for July 2012 rose 18% on-year to 68,627 units from 57,990 units sold in July last year.
During April-July period, Tata Motors' total sales stood at 264,702 units, up 2% form 259,649 units sold in same period last year.
Amid looming uncertainty over the diesel pricing and rising lending rates, Tata Motors' commercial vehicles sales in July 2012 in the domestic market rose just 4% to 42,387 units from 40,798 units sold in July last year.
However, LCV sales maintained the robust growth and grew 19% on-year to 29,601 units. But the M&HCV sales dropped 19% on-year to 12,786 units in July over the same month last year.
For the first four months of fiscal 2012-13 the company's sales of commercial vehicles in the domestic market grew 2% on-year to 157,685 units and LCV sales grew 19% on-year to 109,956 units, while M&HCV sales declined 22% on-year to 47,729 units.
Passenger vehicles sales of Tata Motors' in July rose 53% on-year to 26,240 units. Sales of the Tata Nano rose 68% on-year to 5,485 units, Indica range sales grew 51% on-year to 8,852 units, Indigo range sales rose 40% on-year to 6,816 units. The Sumo/ Safari/ Aria/ Venture range sales also witnessed robust sales, and grew 59% on-year to 5,087 units.
Jaguar Land Rover sales in India continued their upward trend.
The company's sales from exports in July grew 15% on-year to 5,532 vehicles. During April-July period Tata Motors' exports grew 13% on-year to 20,338 units.
Shares of the company closed at Rs 227.30, up 0.62%, on BSE Wednesday.