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Homechevron_rightBusinesschevron_rightAshok Leyland bags $6...

Ashok Leyland bags $6 mn Bangladesh order for buses

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Ashok Leyland bags $6 mn Bangladesh order for buses
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Chennai: City-based commercial vehicle major Ashok Leyland Ltd Wednesday announced it has bagged a $6 million order to supply 50 vestibule buses to the Bangladesh Road Transport Corporation (BRTC).

In a statement issued here, the Hinduja group company said the order has been bagged under the Indian Line of Credit scheme offered for the improvement of urban transportation in Bangladesh.

The BRTC order is the first overseas order for Ashok Leyland for such buses. An agreement was signed by the chairman of BRTC and Antony Lobo, special director-International Operations at Ashok Leyland.

Commenting on the order, Vinod K. Dasari, managing director, Ashok Leyland, said: ‘This represents an important step towards achieving our vision to be globally among the top-10 truck and top-five bus manufacturers. We were the first to introduce vestibule buses in India and now are excited about introducing this vehicle in Bangladesh. The agreement will help take urban transportation there to a new level in partnership with BRTC with whom we share a long and mutually beneficial relationship.’

Over the years, the company has exported more than 9,500 vehicles (of different models) to Bangladesh through their sole dealer, Ifad Autos Ltd.

Last year, Ashok Leyland bagged the single largest order for 290 double-decker buses worth $23.3 million from Bangladesh which was one of the contributory factors in boosting the company's exports to 12,852 vehicles, reflecting a growth of 25 percent.

IANS

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