Ashok Leyland plans 2.5% price hike

Heavy vehicle manufacturer Ashok Leyland, a flag ship company of Hindjua group, is contemplating a minimum 2.5% increase in the prices of its products, a top company official said today.

"Yes, we are contemplating a hike by 2.5% from April," Ashok Leyland Managing Diretor Vinod K Dasari told reporters here.

Replying to a question, he said the price rise would vary depending on the model.

Ashok Leyland last hiked its prices in February, 2011 by 2.5%.