VECV to Pass Full Gst Cut Benefit to Eicher Buyers

12 Sep 2025 CW Team

VE Commercial Vehicles (VECV) has announced that it will extend the full benefit of the Goods and Services Tax (GST) reduction to customers purchasing its Eicher trucks and buses. Following the government’s decision to cut GST on diesel, CNG, and LNG vehicles from 28 per cent to 18 per cent, buyers will enjoy significantly lower acquisition costs, while electric vehicles continue to attract just 5 per cent GST.

The reduction translates to price cuts ranging from 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. The move is expected to stimulate demand in the commercial vehicle sector, support freight operators, and encourage bus fleet modernisation by state transport corporations.

Vinod Aggarwal, MD and CEO of VECV, described the reform as “timely relief” for an industry facing high input costs and sluggish sales. He said the benefits would reduce total cost of ownership for small businesses, owner-drivers, and fleet operators while aligning with the government’s PM Gati Shakti programme to enhance logistics efficiency nationwide.

Equipment

09 Jan 2026

BKT Partners All Teams in India’s Women’s T20 League

Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five teams competing in India’s premier women’s T20 championship – Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Gujarat Giants, and UP Warriorz – for the upcoming season. This move reinforces BKT’s commitment to using sport as a platform for inclusion, opportunity, and long-term development.These partnerships reflect BKT’s belief in the transformative power of sport, particularly in advancing women’s participation and creating..

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..