The order is for single-decker AC buses which includes intercity AC buses as well as city AC buses, Ashok Leyland said in a statement.
"These completely built-up (CBU) units for BRTC (Bangladesh Road Transport Corporation) will be procured against a tender under Indian line of credit," it added.
Commenting on the development, Ashok Leyland Managing Director Vinod K Dasari said the repeat order, after the double-decker bus order, is a testament of the trust Bangladesh authorities have in the company.
"Bangladesh continues to be one of our most important export markets. And it will continue to play a key role in our strategy of increasing our export share in total revenue," Dasari said.
Ashok Leyland shares ended 2.7 per cent up at Rs 131.35 on the BSE.