Just In
- 1 hr ago Ather Rizta Pre-Bookings Now Open – Ola S1 & TVS iQube Rival
- 3 hrs ago Nissan And Renault To Launch Four New SUVs In Strategic Collaboration
- 4 hrs ago Suzuki V Strom 800 DE Launched In India At Rs 10.30 Lakh – The No-nonsense Adventure Motorcycle
- 5 hrs ago Xiaomi SU7 Electric Sedan Variant Details – All You Need To Know
Don't Miss!
- Finance Zerodha Fund House Doubles AUM To Rs 1,000 Crore In 40 Days; Says Founder Vasant Kamath
- Travel Choosing Your Next Home: Hyderabad Or Pune?
- Lifestyle Aditi Rao Hydari's Double Diamond Engagement Ring Is Unique, Celebrity Wedding Rings That Are Bookmark Worthy!
- News BJP Slams Opposition Over Mukhtar Ansari's Death, Akhilesh Yadav Seeks SC-Monitored Probe
- Sports RCB vs KKR IPL 2024: 'Virat Kohli will be fired up just looking at Kolkata dugout,' claims former India pacer
- Education National Management College begins admissions for CA and CMA courses
- Movies Shark Tank India 3 Episode Update: THIS Brand Aims To Help IIT-JEE, NEET Students In India In Special Way
- Technology Samsung Galaxy M15 5G Launch in India Teased; Could Be Priced Under Rs 15,000
Ashok Leyland Wins Order Worth Rs 1,140 Crore From Tanzania Government
Indian commercial vehicle manufacturer Ashok Leyland has won an order worth Rs 1,140 crore from the Tanzanian government.
India's leading commercial vehicle manufacturer Ashok Leyland has bagged an order from the United Republic of Tanzania.
The order is worth $170 million (Rs 1,140 crore). Ashok Leyland will be supplying vehicles, spares and equipment and gensets for development of workshops, training modules and allied equipments to be fitted on ambulances.
This was stated by Ashok Leyland in a Bombay Stock Exchange filing. This order is financed by EXIM Bank of India under National Export Insurance Account (NEIA) Scheme.
Managing Director, Ashok Leyland, Vinod K Dasari said, "Export to key international markets is an essential part of Ashok Leyland's strategic intent to globalise its product portfolio and derisk itself from supplying only into India."
He added, "The new order from Tanzania, valued at USD 170 million (Rs 1,140 crore) fast on the back of USD 200 million by the Cote D'Ivore - also reiterates market acceptance of Ashok Leyland's products in the African region."
Ashok Leyland has already supplied 773 vehicles to Tanzania under Line of Credit from the Government of India.
Currently, the company is dispatching another order of 777 vehicles to the Ministry of Home Affairs in Tanzania.
Read Also: Honda Africa Twin India Launch Delayed To 2017