Ashok Leyland hikes CV prices by up to INR 50000
Hinduja Group flagship company Ashok Leyland announced a price hike of its entire range of commercial vehicles by up to INR 50,000 on account of rising input costs with immediate effect.
Ashok Leyland in a statement said that "This price hike has been necessitated to partially recover the increase in the price of raw materials like steel, tyres, castings etc."
It added that the company has increased the prices of its medium and heavy commercial vehicles by about three per cent with immediate effect. This hike will translate into a rise of its product prices between INR 20,000 to INR 50,000.
(Source: PTI)
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