Budget 2015-16: Tata Motors Ashok Leyland gain, customs duty on CVs hike

Tata Motors and Ashok Leyland have gained marginally as the government has increased customs duty on commercial vehicles from 10 percent to 40 percent

Tata Motors  and  Ashok Leyland have gained marginally as the government has increased customs duty on commercial vehicles from 10 percent to 40 percent.

This is a positive move by government to encourage domestic manufacturer of vehicles. However, there are not too many CVs imported into India.

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Budget 2015-16: Tata Motors Ashok Leyland gain, customs duty on CVs hike

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