Ashok Leyland bags order worth INR 1,338 crore from Ivory Coast
Chennai based commercial vehicle manufacturer Ashok Leyland has announced that they have received a contract worth INR 1,338.5 crore ($200 million) the Govt. of Ivory Coast (Cote D’Ivoire). The land from Drogba hails, will get be supplied with 3,600 Ashok Leyland vehicles over the period of next 1 year.
Vehicles to be shipped to this West African nation will include a mix of buses and trucks. These will be supplied in batches over the period of one year. This contract between Ashok Leyland and Govt. of Cote D’Ivoire is being funded by the EXIM Bank of India which is in the final stages of clearance between both governments.
This is largest contract for Ivory Coast with any company in India; and is also the largest such contract for Ashok Leyland to date. It was just five months ago that Ashok Leyland had received another order worth over INR 520 crore ($82 million) from Senegal, another West African nation.
Ashok Leyland was founded in 1948 and is the country’s second largest commercial vehicle manufacturer. The company also ranks 4th among global bus makers and 16th among truck makers across the world. Ashok Leyland operates from 6 plants and besides manufacture of commercial vehicles also produces spare parts and engines for both industrial and marine applications. Annual sales stand at around 60,000 vehicles and 7,000 engines.