Ashok Leyland bags Rs 178 cr order from Tanzania

Ashok Leyland Ltd. | Automobiles-Trucks/Lcv | Automobiles | BSE: 500477 | NSE: ASHOKLEY

30 Sep 2011 Evaluate

Hinduja Group flagship company Ashok Leyland had bagged an order worth Rs 178 crore ($36.56 million) from the government of Tanzania to supply 723 trucks, buses and special application vehicles. These vehicles will be used for logistical purposes by the government and the company will complete deliveries by the end of the current fiscal. This is a very significant development and very much a part of its strategy to significantly increase the global footprint, more particularly, in the robustly growing African markets. Ashok Leyland has been aggressively expanding its network in the African market with network offices in Nigeria and Ghana in the West; Malawi and Mozambique in the South; Kenya and Tanzania in the East, apart from their offices in South Africa and Egypt. In 2010-2011, the company's export numbers grew by 72% to touch 10,306 units

Peers

Company Name	CMP
Tata Motors	425.15
Ashok Leyland	157.05
Force Motors	17250.00
Olectra Greentech	1180.70
SML Mahindra	6261.55
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