Moneycontrol
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.

 
 
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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.

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