Ashok Leyland bags $23.3 million-worth Bangladesh order
Hinduja Group's automobile manufacturing arm Ashok Leyland on Wednesday said it had bagged an order worth $23.3 million (Rs.105 crore) from state-run Bangladesh Road Transport Corporation (BRTC) for 290 double-decker buses.
"This represents the company's largest single order for double-decker buses from that country (Bangladesh)," Ashok Leyland said in a regulatory filing.
The company added that it considered Bangladesh as one of its major export destinations.
"Our continued focus on this robustly growing market has helped us establish ourself as the second largest brand in the country's commercial vehicle market," the company's managing director Vinod K. Dasari said.
The company has till date exported more than 9,500 vehicles of different models to Bangladesh. In the last fiscal, the company's exports zoomed by 72 percent and stood at 10,306 units.
The company's scrip at the Bombay Stock Exchange (BSE) rose by one percent at Rs.50 just before the market closed the day's trade.
