Tata Motors today said it has received an order to supply 1,000 air-conditioned school buses, estimated at around $50 million (about Rs 230 crore), to Saudi Arabia.
"Tata Motors has entered into an agreement with Hafil Transport of Saudi Arabia to supply 1,000 air-conditioned school buses," the company said in a statement.
The delivery of the buses would begin in April and would be completed during the year, it added.
Although the company did not reveal the value of the order, sources in the know said it would be of about $50 million.
"The buses will be used to transport girl students studying in schools operated under the country's Ministry of Education," the statement said.
Hafil Transport, with over 6,500 vehicles in its fleet, is one of the largest private bus and coach operators in Saudi Arabia, Tata Motors said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app