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"We are passing on the full benefits of the excise duty reduction," a spokesman for Ashok Leyland said, adding this would bring prices down on average by slightly more than 16,000 rupees ($321) per vehicle.
On Tuesday, the government reduced central excise duty to 8 per cent from 10 per cent and trimmed tax rates on services to 10 per cent from 12 per cent.
Tata Motors, India's largest vehicle maker, has reduced truck prices, a spokeswoman said but did not give details.
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