Ashok Leyland bags orders of Euro 10.06 mn
Ashok Leyland has secured orders for 400 Ashok Leyland Eagle 916 minibuses from Senbus Industries in Senegal. The total order amounts to a whooping Euro 10.06 million.
This order came in after the company’s successful operation of 475 buses to Senegal’s Dakar Dem Dikk. These buses will be provided to Senegal towards the end of June 2019.
A unique aspect of this project is that Senbus Industries will be supplied with semi-knocked down buses, which Ashok Leyland will then assemble locally in Senegal in collaboration with Senbus Industries. Ashok Leyland will provide a team of skilled engineers who will be responsible for vehicle assembly, delivering high quality finished products and afters ales support.
The Eagle 916 bus was designed specifically for the African terrain. It features superior technology of inline pump with Euro III emission norms, excellent maneuverability and fuel efficiency. The company conducted extensive on-road product trials with various customers in Africa. These buses have been tried and tested on a vast number of successful projects.
This project will enhance the mobility within the country by expanding reach and facilitating transport to remote areas through AFTU, an important private bus association of operator groups.
Ashok Leyland is the flagship company of the Hinduja Group. Presently, it is ranked as the fourth largest manufacturer of buses in the world and the largest manufacturer of buses in India. This order will further consolidate its leadership position.
On Thursday, the shares of Ashok Leyland opened at Rs. 82.05, and hit a high and low of Rs. 82.60 and Rs. 81.40, respectively. At 11:38 am, the stock was trading at Rs. 81.90.