Mumbai/Ahmedabad: Passing on the benefits of Goods and Services Tax (GST) implemented from July 1, Auto major Tata Motors today said that it has slashed the prices of its commercial vehicles by up to 8.2%.

In a statement issued by the company today Mr. Girish Wagh, Head of Commercial Vehicle Business Unit, Tata Motors said,”Following the roll out of GST, we have decided to pass on the entire benefit to our customers in the ex-showroom prices. 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%. We are confident that the post GST price reduction will enable the customers to bring down their cost of operations and in turn, boost demand.”

“We whole-heartedly welcome the initiative by the Union Government for introducing GST thereby bringing in one uniform tax across the country. This will bring about significant gains to the country’s economy and advantages for the stakeholders, while enhancing the ease of doing business,’ he said.

Tata Motors Limited, a USD 42 billion organisation, is a leading global automobile manufacturer of cars, utility vehicles, buses, trucks and defence vehicles. The comapnay has operations in the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 76 subsidiary and associate companies, including Jaguar Land Rover in the UK and Tata Daewoo in South Korea. In India, Tata Motors has an industrial joint venture with Fiat.

DeshGujarat