New Delhi: VE Commercial Vehicles (VECV) has announced that it will extend the full benefit of the revised Goods and Services Tax (GST) rates to its customers, bringing down the acquisition cost of its trucks and buses. The announcement comes ahead of the Navratri festival, giving buyers of Eicher’s range of commercial vehicles a timely price advantage from September 22 onwards.
The GST Council’s recent decision has reduced the rate on diesel, CNG, and LNG-powered commercial vehicles from 28 percent to 18 percent, while electric trucks and buses will continue to attract a lower 5 percent rate. The move, welcomed by the industry, is expected to ease cost pressures on fleet operators, encourage faster adoption of modern vehicles, and stimulate growth across the transport and logistics ecosystem.
Vinod Aggarwal, Managing Director and CEO of VECV, expressed gratitude to the Prime Minister, the Finance Minister, and the GST Council for the reform. “This landmark decision provides timely relief after a period of slowing sales and rising input costs in the CV sector. Beyond immediate customer benefits, the macro-economic impact is equally significant—lower logistics costs in line with the PM Gati Shakti program, stronger consumer sentiment, and a predicted boost to GDP from heightened activity in logistics and allied industries,” he said.
According to the company, customers stand to benefit by up to Rs. 6 lakh depending on the vehicle category. The price reduction is estimated between Rs. 1–2 lakh on light and medium-duty trucks, Rs. 1.5–6 lakh on heavy-duty trucks, and Rs. 1.1–3.4 lakh on buses. By passing on the entire benefit, VECV aims to reinforce its commitment to lowering the total cost of ownership for customers and supporting fleet modernization.
Industry observers note that for truck operators, the cut will provide relief in freight and logistics operations, while for bus operators, both state-run and private, it will encourage investment in newer, safer, and more fuel-efficient fleets. The move is expected to boost demand during the festive season and contribute to India’s larger vision of economic growth in its Amrit Kaal.
With this step, VECV underlines its strategy of aligning customer benefits with national priorities, while strengthening its position as a key player in India’s evolving commercial vehicle industry.