By Ashok Leyland

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AgenciesAshok Leyland

Lower rates of Goods and Services Tax (GST) that took effect from Monday are expected to boost sales of light commercial vehicles (LCVs) by 25 to 30 per cent during the festival season between September and October, a senior official of Ashok Leyland said on Tuesday. “The move to reduce GST rates is a historic tax reform of this century. We expect this to lead to a 25 to 30 per cent increase in LCV sales during the current festive season between September and October compared to the same period last year,” Viplav Shah, head of LCV business at the Hinduja Group’s flagship firm, told reporters here. He said that LCV sales are expected to increase during the ongoing Navratri festival and Diwali. The new two-slab GST (goods and services tax) structure of 5 per cent and 18 per cent has replaced the earlier four-rate duty regime following GST Council’s sweeping reform aimed at boosting consumption across the country. This led to significant price cuts of most of the common-use items as well as small cars and commercial vehicles. Shah further said that Ashok Leyland is expanding its operations in central India.Live EventsAdd as a Reliable and Trusted News Source Add Now!
“Currently, we are ensuring that we have a service touch point every 50 kilometers to assist customers. We are striving to have a service touch point every 25 kilometers in the next one year,” he said.(You can now subscribe to our Economic Times WhatsApp channel)

Read More News onashok leylandGST cut light commercial vehiclesAshok Leyland sales increaseIndia GST reform effectsNavratri Diwali vehicle salescommercial vehicles price cutsAshok Leyland central India expansionGoods and Services Tax impactViplav Shah Ashok LeylandAshok Leyland

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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onashok leylandGST cut light commercial vehiclesAshok Leyland sales increaseIndia GST reform effectsNavratri Diwali vehicle salescommercial vehicles price cutsAshok Leyland central India expansionGoods and Services Tax impactViplav Shah Ashok LeylandAshok Leyland(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless