Ashok Leyland, the second-largest domestic commercial vehicle manufacturer, which expanded its operations in West Africa in December 2017, has announced that it has bagged a repeat order for supplying 147 buses to the Ministry of Higher Education Scientific Research and Innovation.
The company states that the repeat order is under Line of Credit from Exim Bank of lndia through Ecowas Bank of Investment & Development (EBID) for Burkina Faso. As per the company it will this is its third project order for 147 Buses comprising of 80 units of Falcon, 57 units of Eagle 916 and 10 units of the MiTR bus models.
Ashok Leyland states that the order is valued at around $9.57 million (Rs 61 crore), and the supply will be completed over the next 180 days, which includes delivery of vehicles, spare parts, and an effective after sales support system in Burkina Faso.
In Q1 FY2019 Ashok Leyland reported a robust year-on-year growth of 47 percent in revenue at Rs 6,250 crore in Q1 FY2019. The company sold 42,128 units including exports (MHCV: 30,647 and LCVs: 11,481) which translates to 51.14 percent growth in domestic sales and 22.34 percent in the export market.