By IANS,
Chennai : Commercial vehicle manufacturer Ashok Leyland has bagged an order worth $26 million to export 1,000 buses to Sri Lanka by March 2011.
The order is for Viking buses with seating capacity varying from 42 and 58. The buses will be supplied to People Leasing Company, which in turn will sell these to the private sector there, said Ashok Leyland.
The two sides signed an agreement Tuesday.
“Trade between India and Sri Lanka is gaining traction with peace returning to the island nation,” said Vadivel Krishnamoorthy, deputy high commissioner of Sri Lanka.
Ashok Leyland has a joint venture, Lanka Ashok Leyland, with the island nation’s government.
The company has sold over 8,000 buses in Sri Lanka so far. The new order is part funded by the Asian Development Bank (ADB).