Ashok Leyland, flagship company of the Hinduja Group is likely to hike prices of commercial vehicles in the next couple of weeks to offset excise duty hike. The budget had announced an increase in excise duty from 10% to 15% on commercial vehicle chassis.
The company has decided to pass on the price difference to customers, however, it will be watching competitors’ reaction to the announcement before finalizing the decision. Also, the company expects to get some savings from its plant in Pantnagar, which is located in an excise-free zone.
Recently, Ashok Leyland, has inaugurated a new state-of-the-art dealership in Pune - My Auto World Ashok Leyland, a unit of My Car Pune. This is the company’s 2nd dealership in the Pune city and also marks the company’s 400th full service outlet in the country.
