Ashok Leyland wins massive order from the United Republic of Tanzania

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Added in: Ashok Leyland

Ashok Leyland has won an order valued at USD 170 million (INR 1,140 Crores) from the Government of the United Republic of Tanzania for the purchase of Ashok Leyland’s vehicles, gensets, spares and equipment for development of workshops, training modules and allied equipment to be fitted on ambulances.

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Also Read: Made in India Ashok Leyland Circuit Electric Bus launched; India’s first zero-emission electric bus

Ashok Leyland had recently concluded the supply of 773 vehicles to Tanzania under Line of Credit from the Government of India. Further, the Company is currently executing another order for supply of 777 vehicles to the Ministry of Home Affairs in Tanzania. This latest order is being financed fully by EXIM Bank of India under National Export Insurance Account (NEIA) Scheme.

Speaking about the order, Vinod K. Dasari, Managing Director, Ashok Leyland Limited, said that exports to key international markets is an essential part of Ashok Leyland’s strategic intent to globalize its product portfolio and derisk itself from supplying only into India. Dasari further added that the new order from Tanzania, valued at USD $170 million (INR 1,140 Crores) fast on the back of the USD $200 million by the Cote D’Ivore – also reiterates market acceptance of Ashok Leyland’s products in the African region.

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