VE Commercial Vehicles cuts prices
VE Commercial Vehicles, a joint venture between Eicher Motors and Swedish major Volvo, has slashed prices of its products by up to Rs2 lakh.
The cuts came after the announcement of a 4% reduction in CENVAT. Regular models would now be cheaper by Rs1.25 lakh and Rs2 lakh.
Prices on the Eicher trucks and buses has also been reduced by Rs16,000 to Rs37,000.
The decision of the government to reduce CENVAT and petroleum prices to boost demand for commercial vehicles has come as a relief to most industries.