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Ashok Leyland bags order from Sri Lankan Transport Board to supply 500 buses

18 Jan 2023 Evaluate

Ashok Leyland has bagged an order from the Sri Lankan Transport Board (SLTB) to supply 500 buses. Sri Lanka Transport Board is the state owned single largest bus transport provider with 110 depots throughout the island nation and operates buses in city routes, hilly and rural routes and also in long distance inter-city routes.

As part of the order secured from SLTB, the company delivered 75 buses to the neighbouring country. The order was part of the Line of Credit extended by the Export Import Bank of India, under the Economic Assistance Scheme of the Indian government.

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 433.30
Ashok Leyland 153.70
Force Motors 17088.00
Olectra Greentech 1103.00
SML Mahindra 6131.20
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