Hinduja Group flagship company Ashok Leyland has won an order for 50 vestibule buses from the Bangladesh Road Transport Corporation (BRTC) under the Indian Line of Credit (LoC) scheme offered for improvement of urban transportation in that country. The order, worth around $6 million (Rs 33 crore), is the company’s first for such buses from an overseas market.
An agreement to this effect was signed by the Chairman of BRTC and Antony Lobo, Special Director-International Operations, Ashok Leyland was signed at Dhaka.
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-5 bus manufacturers. We were the first to introduce vestibule buses in India and now are excited
about introducing this vehicle in Bangladesh and 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 had bagged the single largest order for 290 Double-Decker buses worth $ 23.3 million from the country which was one of the contributory factors in boosting the Company’s exports to a new high of 12,852 vehicles reflecting a growth of 25%.