Economy

Ashok Leyland bags order for 200 buses in Bangladesh

Updated : September 14, 2018 05:14 PM IST

The order is for single-decker AC buses which includes intercity AC buses as well as city AC buses, Ashok Leyland said in a statement.

Ashok Leyland Managing Director Vinod K Dasari said the repeat order, after the double-decker bus order, is a testament of the trust Bangladesh authorities have in the company.

Hinduja group flagship Ashok Leyland Friday said it has bagged an order for 200 buses in Bangladesh.

The order is for single-decker AC buses which includes intercity AC buses as well as city AC buses, Ashok Leyland said in a statement.

"These completely built-up (CBU) units for BRTC (Bangladesh Road Transport Corporation) will be procured against a tender under Indian line of credit," it added.

Commenting on the development, Ashok Leyland Managing Director Vinod K Dasari said the repeat order, after the double-decker bus order, is a testament of the trust Bangladesh authorities have in the company.

"Bangladesh continues to be one of our most important export markets. And it will continue to play a key role in our strategy of increasing our export share in total revenue," Dasari said.

Ashok Leyland shares ended 2.7 per cent up at Rs 131.35 on the BSE.