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Ashok Leyland bags orders worth $79.2 mn from Tanzania, Zimbabwe

Eyes one third of its revenue from exports in three years

BS Reporter  |  Chennai 

has bagged orders worth $79.2 million from Tanzania and Zimbabwe. 
 
The company will supply trucks, buses, LCVs, spares and allied supported services (including training and development consultancy) as part of the deal. 
 
The projects have been financed by EXIM Bank under their National Export Insurance Account (NEIA) scheme.
 
Vinod K Dasari, managing director, said Africa is an important part of its international strategy. 
 
The company is targetting one third of its revenues from in the medium term. For this, it is planning to expand its foot print to Africa, North America and even to Russia. 
 
The company's grew 24% year-to-date, CFO Gopal Mahadevan said earlier. 

First Published: Mon, November 17 2014. 11:04 IST
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