GST impact: Tata Motors cuts commercial vehicle prices by up to 8.2%
New Delhi: Tata Motors on Thursday said it has cut prices of its commercial vehicles by up to 8.2% to pass on the Goods and Service Tax (GST) benefit to customers.
“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%,” Tata Motors head of commercial vehicle business unit Girish Wagh said in a statement.
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, he added.
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 Rs 2.17 lakh.