Eicher’s VECV to Cut Truck, Bus Prices by Up to ₹600,000 After GST Rejig

VE Commercial Vehicles Ltd., a subsidiary of Eicher Motors Ltd., said it will slash prices of its trucks and buses by up to ₹600,000, effective September 22, following the GST Council’s recent tax cut.

Prices of light and medium-duty trucks will fall by up to ₹200,000, while heavy-duty trucks will be cheaper by up to ₹600,000, the company said in an exchange filing. Buses will see a reduction of up to ₹340,000.

The GST Council last week cut tax on trucks and buses to 18% from 28%, while the levy on electric buses and trucks remains unchanged at 5%.