Ashok Leyland cuts vehicle prices by 1%

Rate reduction comes after the govt cut excise duty on commercial vehicle chassis to 14% this week

Ashok Leyland Ltd 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.