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Ashok Leyland wins order for 300 Double Decker buses in Bangladesh

Ashok Leyland, the flagship of Hinduja Group, announced the winning of an order from Bangladesh Road Transport Corporation (BRTC) for the supply of 300 Ashok Leyland buses. The order is for Double Decker buses which will help in decongesting the busy roads of Dhaka. This procurement is against a tender under Indian Line of Credit. The delivery will take place within eight months from now.

“Bangladesh is one of our key export markets and this order further strengthens our position. This order win in Bangladesh is yet another testimony of our leadership in the country. Our in-depth understanding of public transport and understanding of the market and customers is what differentiates us and has helped us win this order,” Vinod K. Dasari, Managing Director, Ashok Leyland said.

“Exports has been a strong focus for us to de-risk from cyclicality in Indian market and to globalize our product portfolio. This is a significant win for us and builds on the strong export growth we had last year,” Vinod K. Dasari added.

Ashok Leyland Ltd is currently trading up 1.59% at Rs128.10 from its previous closing of Rs126.10 on the BSE.

The scrip opened at Rs126.10 and has touched a high and low of Rs129.25 and Rs126.10 respectively.

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