In one of its biggest overseas orders, Ashok Leyland has won $170
million (₹ 1140 crore) order from the government of United Republic of
Tanzania.
The order is for purchase of Ashok Leyland’s vehicles, gensets, spares
and equipment for development of workshops, training modules and allied
equipment to be fitted on ambulances, said a company statement.
“Exports to key international markets is an essential part of company’s
strategic intent to globalise its product portfolio and derisk itself
from supplying only into India. “We, at Ashok Leyland, are truly
enthused by this strategy to expand out global presence, as we are
certain it will pay rich dividends in the future,” said Vinod Dasari,
Managing Director of Ashok Leyland.
It may be recalled that Ashok Leyland had recently concluded the supply
of 773 vehicles to Tanzania under Line of Credit from Government of
India. Further, the company is currently executing another order for
supply of 777 vehicles to the Ministry of Home Affairs of Tanzania.
The latest order is being financed fully by Exim Bank of India under National Export Insurance Account scheme.
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