The Hindujas owned Ashok Leyland has got a shot in its arm with a massive order for 2200 buses from the Sri Lankan government. The company, like other commercial vehicle manufacturers in India has been facing a severe slump in the last couple of years because of subdued economic activity in the country. In the CV segment, for May 2014, the company sold 5629 units in the domestic market, a fall info 12.89PC over the corresponding period last year. According to the latest SIAM figures, the CV industry overall saw sales of 46986 units in the domestic market in May 2014, a slump of 15.28PC. In May 2014, the company exported 989 units, a rise by 22.86PC.The Sri Lankan will definitely boost the sales of this company since this is one of the largest purchase by the Sri Lankan Transport Board (SLTB). The Sri Lankan government aims to modernize its existing fleet and significantly improve the country’s public transport network. Ashok Leyland will supply these 2200 buses within the coming six months. According to a company press note, with this latest order, Ashok Leyland reinforces its position as the market leader in Sri Lanka and as an important stakeholder in Sri Lankan transport.Vinod K. Dasari, Managing Director, Ashok Leyland noted that the order from the Sri Lankan government was huge and comes at a time when the domestic market is just about to bounce back. Picture of Ashok Leyland bus for representation purpose only.
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