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.
Axis Direct is bullish on Ashok Leyland has recomm
ICICI Direct is bullish on Ashok Leyland has recom
Edelweiss recommended hold rating on Ashok Leyland
The city-based heavy commercial vehicles maker is
Dhananjay Sinha of Emkay Global Financial Services