Country's second largest commercial vehicle maker Ashok Leyland said it has slashed the prices of its commercial vehicles by one percent following the Government's decision to reduce the excise duty on truck chassis.
The roll-back in prices would come into force with an immediate effect, a company press release said here.
Giving a minor relief to commercial vehicle makers, the government recently lowered the excise duty on chassis by one percent to 14 percent for vehicles whose bodies are installed outside the manufacturer's factory. The company had hiked its prices by 5 percent early this month following the increase in excise duty in the 2012 Union Budget.
Giving a minor relief to commercial vehicle makers, the government recently lowered the excise duty on chassis by one percent to 14 percent for vehicles whose bodies are installed outside the manufacturer's factory. The company had hiked its prices by 5 percent early this month following the increase in excise duty in the 2012 Union Budget.
This article was Posted by:
Kurian Akkara
Source: News @ Economic Times
Image Copyright with the respective owners, cartrials.com is not responsible for any modifications made on the same.
0 comments:
Post a Comment