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Ashok Leyland bags two transport projects in Africa worth $79.2 million

17 Nov 2014 Evaluate

Ashok Leyland, flagship of the Hinduja Group, has bagged two large integrated transport projects in Tanzania and Zimbabwe, together worth $79.2 million. EXIM Bank has financed these projects under their NEIA scheme that supports project exports from India.

The project is for the supply of Trucks, Buses, LCVs, Spares and Allied Support Services (includes training and developmental consultancy), it will also address a variety of mobility requirements in various tourism and economic development programs.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

Peers
Company Name CMP
Tata Motors 400.30
Ashok Leyland 145.15
Force Motors 16859.00
Olectra Greentech 977.15
SML Mahindra 4846.55
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