Ashok Leyland bags $79 mn orders from Tanzania, Zimbabwe

The automotive manufacturer Ashok Leyland has bagged orders worth $79.2 million from Tanzania and Zimbabwe for supplying trucks, buses, LCVs, spares and allied supported services (including training and development consultancy).
 
The projects have been financed by EXIM Bank under their National Export Insurance Account (NEIA) scheme.
 
Vinod K Dasari, managing director, Ashok Leyland said Africa is an important part of its international strategy. The company is targeting one third of its revenues from exports in the medium term. For this, it is planning to expand its foot print to Africa, North America and even to Russia.