Ashok Leyland Bags Order for 135 Buses
Published On Feb 09, 2017
After doing a plethora of activities this new year and registering a steady growth in the first month of 2017, Ashok Leyland, one of the key commercial vehicle manufacturers in India, now has a bigger reason to rejoice. The CV maker has now bagged a mega order of 135 buses summing up to INR 70.35 crore. This order for multiple buses has been given by Burkina Faso, a country in western Africa to Ashok Leyland West Africa.
News of this huge deal was revealed by Ashok Leyland on Monday in filing at the Bombay Stock Exchange. The commercial vehicle giant will be supplying these buses to the Ministry of Higher Education Scientific Research and Innovation. The order is expected to be completed within six months from the date of placing the order. Apart from delivery of vehicles, the supply also includes the provision of after sales support system, spare parts, provision of aggregates and training in the African country.
The order is under Lines of Credit from Exim Bank of India via the Ecowas Bank of Investment and Development (EBID).
Ashok Leyland is steadily strengthening its foothold in the international markets. The commercial vehicle maker also recently inaugurated a new vehicle assembly plant in Dhaka, Bangladesh. The new facility is a strategic collaboration between Ashok Leyland and IFAD Autos Limited, Bangladesh. The plant has been built in 15 months and is spread over a good 37 acre area with the capacity to roll out 600-800 vehicles of all of the CV maker’s range each month.
