Light commercial vehicle market to be biggest gainer of GST: Ashok Leyland

The initial hiccups with the Goods and Services Tax (GST) notwithstanding, the new tax regime is already fuelling growth in the light commercial vehicle (LCV) market, India’s second largest commercial vehicle maker Ashok Leyland Limited has said.

Against the five per cent dip experienced in the medium and heavy commercial vehicle space in the country, the LCV market is growing by 18-20 per cent after the implementation of GST in July 2017, Ashok Leyland President (LCV) Nitin Seth said.

"Since the domestic automobile market is still experiencing some irritants related to the implementation of GST, once these are ironed out, the LCV