Hinduja Group flagship firm Ashok Leyland has bagged order for 3,600 vehicles worth USD 200 million (about Rs 1,335 crore) from Cote D’Ivoire. It has signed a contract with the government of the West African nation, also known as the Ivory Coast, for supply of the vehicles which include trucks and buses and will be delivered over the next 12 months, the company said in a statement.
Ashok Leyland Managing Director Vinod K Dasari said: “This is the largest contract for this country with any firm in India, and also represents the largest such contract till date for the company. This contract is being funded by EXIM Bank of India and is pending final clearance from respective governments.”
He said the company is looking forward to building the contract with Cote D’Ivoire as a base for further growth in West Africa.
Ashok Leyland is an Indian automobile manufacturing company based in Chennai, India. Founded in 1948, it is the 4th largest manufacturer of buses in the world and 16th largest manufacturer of trucks globally. Operating six plants, Ashok Leyland also makes spare parts and engines for industrial and marine applications. It sells about 60,000 vehicles and about 7,000 engines annually. It is the second largest commercial vehicle company in India in the medium and heavy commercial vehicle (M&HCV) segment with a market share of 28% (2007–08).
With passenger transportation options ranging from 19 seaters to 80 seaters, Ashok Leyland is a market leader in the bus segment. The company claims to carry more than 60 million passengers a day, more people than the entire Indian rail network. In the trucks segment Ashok Leyland primarily concentrates on the 16 ton to 25 ton range of trucks.