May 12, 2012, 12.41 PM | Source: Reuters
Ashok Leyland has reduced the prices of its commercial vehicles by 1% with immediate affect, the automaker said in a statement, after a recent decrease in excise duty on chassis by the same amount.
The government cut excise duty on commercial vehicle chassis to 14% this week.
Ashok Leyland, India's second-largest truck and bus manufacturer, raised its prices by 5% after the excise duty was raised by that amount in the federal Budget in March.
Edelweiss is bullish on Ashok Leyland has recommen
Guru is priced between Rs 14.35 lakh and Rs 16.72
Net Sales are expected to increase by 0.1 percent
Gaurang Shah of Geojit BNP Paribas is of the view