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CV segment biggest beneficiary of GST rate cut in auto sector: Ashok Leyland

CV segment biggest beneficiary of GST rate cut in auto sector: Ashok Leyland

Ashok Leyland anticipates that the commercial vehicle sector will greatly benefit from the GST rate reduction, stimulating long-awaited replacement demand. Shenu Agarwal, MD & CEO, believes the rate cut will boost consumption, increase freight traffic, and drive demand for commercial vehicles. The company is also expanding bus production capacity due to robust demand.

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