Ashok Leyland has bagged an order from the Bangladesh Road Transport Corporation (BRTC) for the supply of 300 Ashok Leyland buses. The order is for double-decker buses which will help decongest the busy roads of Dhaka. This procurement is against a tender under Indian Line of Credit. The delivery will take place within eight months from now.
Announcing the order win, Vinod K Dasari, managing director, Ashok Leyland, said, "Bangladesh is one of our key export markets and this order further strengthens our position. This order win in Bangladesh is yet another testimony of our leadership in the country. Our in-depth understanding of public transport and understanding of the market and customers is what differentiates us and has helped us win this order.
“Exports has been a strong focus for us to de-risk from cyclicality in Indian market and to globalise our product portfolio. This is a significant win for us and builds on the strong export growth we had last year.”
Ashok Leyland is currently posting a strong performance in the domestic and export markets. In the first four months of FY2019, it has sold 52,324 units (+46.38%) and exported 5,003 units (+5.68%).
In the overall domestic CV market, the company has a market share of 17.o7 percent, up from the 16.95 percent it had in April-July 2017. In the M&HCV buses segment, it has sold 5,638 units in April-July 2018, which gives it a market share of 41.50 percent, up from 35.90 percent a year ago (April-July 2017: 4,182 buses). In the LCV buses segment, it sold 733 units, effectively more than doubling its sales from the year-ago period (April-July 2017: 343) to gain a market share of 3.45 percent, up from 2.03 percent a year ago.
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