Ashok Leyland wins order worth Rs 981.45 crore from Maharashtra State Transport Corp
Ashok Leyland has secured a Rs 981.45 crore order from Maharashtra State Road Transport Corporation (MSRTC) for 2,104 Viking buses. This BSVI OBD II compliant bus order will be fulfilled from August 2024 to August 2025. The deal strengthens Ashok ...
The company will execute the order—the single largest one from the state corporation for supply of BSVI OBD II (on board diagnostic) compliant fully built passenger buses from August 2024 to August 2025.
This will further contribute to strengthening Ashok Leyland's dominant position in the bus segment, it said. MSRTC is one of the largest state transport undertakings in the country with over 15,000 buses. With this order, Ashok Leyland buses will dominate its fleet.
“We are excited to continue our long-standing partnership with the Maharashtra State Road Transport Corporation (MSRTC). This new order underscores our dedication to producing highly efficient and technologically advanced products, driving the growth of public transportation in the country. Our deep understanding of our customers and our ability to quickly respond to their needs is what sets us apart,” Shenu Agarwal, Managing Director & CEO, Ashok Leyland, said in the statement.
This recent order further consolidates the position of Ashok Leyland-- which counts itself as one of the top five bus makers globally, in the Indian and the global bus market, the company said.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.