Ashok Leyland bags Rs 1,140-cr worth order from Tanzania

Ashok Leyland moves court against Nissan

  Ashok Leyland Ltd has bagged order worth $170 million (around Rs 1,140 crore) from the United Republic of Tanzania. The order includes supplying of vehicles, gensets, spares and equipment for development of workships, training modules and allied equipments to be fitted on ambulances.

Vinod K Dasari, managing director, Ashok Leyland commented that exports is an import part of Ashok Leyland's strategic intent to globalise its product portfolio and derisk itself from supplying only into India.

Recently the company has bagged order worth $200 million from the Côte d’Ivoire in the African region and another order to supply 773 vehicles to Tanzania under Line of Credit from the Government of India. Further the company is currently executing another order to supply of 777 vehicles to the Minister of Home Affairs in Tanzania.

This latest order is being financed fully by EXIM Bank of India under National Export Insurance Account (NEIA) Scheme.