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Bus and truck-maker BharatBenz, the commercial vehicles arm of Daimler India, today lowered its prices between 0.4 per cent and 2.5 per cent depending on the model and the state, to pass on the lower tax rate under the GST.
"We have reduced MRPs across our entire product range between 0.4 to 2.5 per cent," Erich Nesselhauf, managing director & CEO, Daimler India Commercial Vehicles, said.
"With GST, we expect additional momentum at BharatBenz, which we intend to bolster as we reduce prices to pass on GST benefits to our customers. Borderless transportation is expected to improve the overall efficiency of logistic companies in line with an introduction of more modern and fuel efficient trucks," he added.
Scania launches New-Gen tippers for mining sector
Mumbai: Commercial vehicles maker Scania CV India today launched a new range of tippers for the mining sector.
The P 440 8X4 20.2 Cum U-Body tipper has been designed to increase productivity of mining tippers and improve the operating economy. The company did not reveal the prices.
Scania entered the country in 2007 through its partnership with L&T and in 2011 it established Scania Commercial Vehicles India and has now two manufacturing facilities - one for trucks and one for buses with a production capacity of 2,500 trucks and 1,000 buses. PTI BEN
Indiabulls MF launches instant access facility
Mumbai: Indiabulls Mutual Fund has launched an instant access facility for its liquid fund, which allows immediate redemption of investments.
At present this facility is available to resident individuals and not the NRIs or corporates.
"With the launch of instant access facility our investors will not only have immediate access to their funds but will also be able to earn more on their idle fund," Akshay Gupta, group executive head and chief executive, Indiabulls Asset Management Company, said.