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Ashok Leyland bags order for 200 AC intercity, city buses in Bangladesh

Press Trust of India/New Delhi 14 Sep 18 | 05:00 PM

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

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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.

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