Inflation and higher commodity prices have necessitated price increase, says Ashok Leyland.
| Photo Credit: The Hindu
Ashok Leyland has announced a price increase of up to 3% on its entire range of commercial vehicles with effect January 2025 due to inflation and increase in commodity prices.
The extent of price increase will vary depending on model and variant, however all products across the range will be affected, the commercial vehicle manufacturer said in a regulatory filing.
Inflation and higher commodity prices have necessitated this price increase. This move will help mitigate a part of the input cost impact, ALL said.
In another filing, ALL said that it has bagged a ₹346 crore order from Tamil Nadu State Transport Corporation (TNSTC) for the supply of 1,475 BSVI diesel fuel type passenger bus chassis.
This order has been awarded post-normal tender process with standard business prudent norms, terms, and conditions. It is to be delivered by December 2024 – May 2025.
ALL also informed the voluntarily liquidation of its step-down subsidiary LLC Ashok Leyland Russia.
Published – December 13, 2024 11:38 am IST