Ashok Leyland wins Rs 650 crore order from KSRTC for over 3,000 buses

Key highlights:

• Ashok Leyland confirmed that it had won an order worth about Rs 650 crore
• The company will provide KSRTC with 3019 buses
• Shares of Ashok Leyland increased by 0.87%

Ashok Leyland on Monday confirmed that it had won an order worth about Rs 650 crore from KSRTC for 3019 buses. This order is one of the largest from the State Transport Undertaking for a single OEM, said the company in a statement.

The order would be executed in the current financial year which would help Ashok Leyland in furthering its leadership position in buses.

Shares of Ashok Leyland increased by 0.87% or Rs 0.90 at Rs 104.05 per piece on BSE at 15:50 hours.

Vinod K Dasari, Managing Director, Ashok Leyland said, “We are very happy to receive the confirmation of this order from KSRTC. Our ability to bring value to customers like KSRTC, is a statement to our superior technology and innovation, combined with low costs.”

T Venkataraman, Senior Vice President, Global Buses, Ashok Leyland said, “Our buses are durable, robust, and employ the latest in technology. The cost of ownership and the product experience which we can deliver is the best in the industry. Our in-depth understanding of what works for our markets and customers is what differentiates us and has helped us win this order from KSRTC.”

This order will fulfill requirements from KSRTC, NWKRTC, BMTC and NEKRTC. The order includes 210” WB, fully built Karnataka Saarige Bus on 210' WB chassis, fully built Rajahamsa Bus on 222” WB, fully built non-AC sleeper coaches on 222” WB chassis and fully built Midi bus on 205” WB chassis.

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