Ashok Leyland bags export orders from Honduras, Thailand

IANS

National,Business

Mon, 12 Jan 2009: 

Chennai, Jan 12 (IANS) Though its domestic sales have witnessed a steep fall, there is good news for India's second largest commercial vehicle manufacturer Ashok Leyland Limited, as it has bagged a export order from Honduras and Thailand, a senior official of the company said Monday.

 

The company has bagg a $10.

5 million order to supply 139 vehicles to Honduras Armed Forces (HAF) and the Royal Thai Army has approved purchase of 10 vehicles, the value of which is not known.

 

 

The Honduras tender is financed under an Exim Bank of India line of credit.

 

 

'This order marks our foray into Latin America which has been one of our target markets,' said R. Seshasayee, managing director of the company.