GST rate cut eases discount pressure for truck makers - Times of India

CHENNAI: The recent GST rate rationalisation has not only resulted in a drop in the prices of commercial vehicles but also eased the long-standing pressure on original equipment manufacturers (OEMs) to offer steep discounts in India's highly price-sensitive and fiercely competitive truck market.Before the GST revision, medium and heavy commercial vehicles (M&HCVs) priced around Rs 50 lakh typi…