Latest News
- Royal Enfield Unveils Revolutionary Rentals & Tours Service: Check Out All Details Here
- MG Motor UK Unveils Cyberster Trophy And GT: The Future Of Luxury EV Roadsters
- Bentley Motors Debuts Mulliner Bespoke Creations At Auto China 2024
- UK CV Production Achieves Best First Quarter Since 2008 Amidst Export Surge
- Everrati's New B2B Division Sees Surge In Global Luxury Brand Deals
- Bajaj To Offer Chetak Electric Scooter At Lower Price Point: All Details Here
- Isuzu UK Teams Up With ARB UK For New ARB HUB Dealer Programme
- BMW i5 M60 xDrive Launched In India At Rs 1.195 Crore - 592bhp, 516km Range
- Global NCAP Lauds Tata Motors - A 5-Star Journey
- Trans-Africa 2025 Porsche Safari: A Rally Adventure From Angola To Zambia
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