Tata Motors cuts CV prices by up to 8.2%
Tata Motors on Thursday said it has cut prices of its commercial vehicles (CV) by up to 8.2% to pass on the Goods and Service Tax (GST) benefit to customers.
Tata Motors head of commercial vehicle business unit Girish Wagh said in a statement,“We are offering a price reduction in commercial vehicles (cargo) in the range of 0.3% to 4.21% and in commercial vehicles (passenger transportation) in the range of 0.6% to 8.2%.”
He added that the company is confident that post GST price reduction will enable the customers to bring down their cost of operations and in turn, boost demand.
Commenting on GST implementation, Wagh said the initiative will bring about significant gains to the country’s economy and advantages for the stakeholders, while enhancing the ease of doing business.
Tata Motors is the largest commercial vehicle player in the country. Yesterday, the company had announced a reduction in price of its passenger vehicles by up to INR 2.17 lakh.
Tag Keyword: Tata Motors , Commercial Vehicles , GST , Cargo