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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.
Ashok Leyland stock price
On July 29, 2015, at 12:45 hrs Ashok Leyland was quoting at Rs 83.80, up Rs 0.60, or 0.72 percent. The 52-week high of the share was Rs 84.45 and the 52-week low was Rs 32.50.
The company's trailing 12-month (TTM) EPS was at Rs 1.18 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 71.02. The latest book value of the company is Rs 14.40 per share. At current value, the price-to-book value of the company is 5.82.
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