Business EconomyPosted at: Sep 4 2025 3:38PM


GST rate reductions, a forward-looking step to simplify tax structure : Ashok Leyland

Chennai, Sep 4 (UNI) CV makers Ashok Leyland today said the GST rate cut announced
by union Finance Minister Ms Nirmala Sitharaman was a forward-looking step towards
simplifying tax structure and accelerating economic momentum, besides mitigating the
impact of US tariffs imposed on Indian imports.
Reacting to the GST rate rationalisation announced by Ms Nirmala Sitharaman, Ashok Leyland
MD and CEO Shenu Agarwal said “The GST rate reductions announced by the Finance Minister
represent a forward-looking step towards simplifying India’s tax structure and accelerating
economic momentum."
The shift to a streamlined two-tier system of 5% and 18% will not only ease compliance, but
also bolster key sectors, uplift consumer sentiment, and reduce the financial burden on the
common man, he said.
Crucially, this move will help mitigate the impact of the recently imposed US tariffs. The specific
relief for the commercial vehicle industry is especially welcome, he said.
On one hand, it will spur freight traffic, and on the other, it will bring down the cost of buses and
trucks, unleashing demand trajectory for commercial vehicles, he added.
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