Key highlights:

  • Management has indicated that it is expected to take another price hike of about 1% in August 2017
  • Ashok Leyland already hiked the prices of its vehicles by about 7-10% in April
  • The hike in the prices was due to the conversion from BS-III to BS-IV

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The country's second largest commercial vehicle (CV) manufacturer Ashok Leyland is expected to increase the prices of its vehicles by about 1% next month. The company's management has indicated that it is expected to take another price hike of about 1% in August 2017.

Ashok Leyland's management in a con-call with analysts suggest that they would take another increase in prices due to the the transition from Bharat Stage-III to Bharat Stage-IV emission norms, according to analysts Jay Kale and Vijay Gyanchandani in an Elara Securties report.

Ashok Leyland first-quarter profit falls about 62%

  • Ashok Leyland wins Rs 650 crore order from KSRTC for over 3,000 buses
  • Ashok Leyland's Q4 jumps to Rs 476 crore; shares rise 6%