May 12, 2012, 12.41 PM IST | Source: Reuters

Ashok Leyland cuts vehicle prices by 1%

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.

Ashok Leyland cuts vehicle prices by 1%

Ashok Leyland   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.

Ashok Leyland stock price

On April 17, 2014, at 15:42 hrs Ashok Leyland was quoting at Rs 23.05, up Rs 0.30, or 1.32 percent. The 52-week high of the share was Rs 25.20 and the 52-week low was Rs 11.82.


The latest book value of the company is Rs 16.74 per share. At current value, the price-to-book value of the company was 1.38.

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