Bangladesh is turning into a hot market for Ashok Leyland. Less than a month after it bagged an order for supply of 300 double-decker buses to Bangladesh, the Chennai-based commercial vehicle manufacturer has announced another order for buses: 200 single-deckers to the same country.
The order is again from Bangladesh Road Transport Corporation (BRTC) for the supply of single-decker AC buses which includes inter-city AC buses as well as city AC buses. These Completely Built-Up (CBU) units for BRTC (Bangladesh Road Transport Corporation) will be procured against a tender under Indian Line of Credit.
Announcing the order win, Vinod K Dasari, managing director, Ashok Leyland, said, "We continue to serve the Bangladesh market and this repeat order, after the double-decker bus order, is a testament of the trust they have in our brand. Bangladesh continues to be one of our most important export markets. And it will continue to play a key role in our strategy of increasing our export share in total revenue.”
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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