New Delhi, July 5: To pass the benefits of the new tax regime, Goods and Services Tax (GST), to all customers, Tata Motors announced a price reduction by up to 12 percent, ranging between Rs 3,300 and Rs 2,17,000 depending on the model and variant.
Tata Motors Passenger Vehicles Business Unit’s President Mayank Pareek on Wednesday said "The initiative by the Union Government of introducing GST will bring in one uniform tax across the country. This will enhance the ease of doing business and usher in a new era for the economy in general, especially for the automotive industry.
In its sales report released on Sunday, Tata Motors revealed that there has been a dip in the sale of passenger vehicles, although the commercial vehicles business grew on month-on month basis, due to BS4 production ramp-up.
The total sale of passenger and commercial vehicles, including exports, in June 2017 was capped at 40,358 vehicles, which is 9 percent lower than the corresponding figures in June 2016.
The company's domestic sales of commercial and passenger vehicles for June 2017 were at 36,854 vehicles, lower by 5 percent compared to June 2016.
In June 2017, Tata Motors' passenger vehicle sales dropped by 10 percent due to uncertainty prevailing on account of the GST, with 11,176 units sold this year compared to 12,482 units sold last year.