Ashok Leyland gets bus orders worth Rs1,500 crore from STUs
Moneylife Digital Team 09 September 2014

Ashok Leyland will market its 'JanBus’, which it claimed was the 'world’s first front-engine, single-step entry, full-flat floor bus’ in international markets too.

 

Ashok Leyland Ltd has secured orders for 4,000 buses valued at nearly Rs1,500 crore from various state transport undertakings (STUs) under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).

 

Ashok Leyland will also market its 'JanBus’, which it claimed was the 'world’s first front-engine, single-step entry, full-flat floor bus’ in international markets too. Vinod K Dasari, managing director, Ashok Leyland, said that JanBus was specifically designed for urban transportation, offering higher safety and 'substantially enhanced operating economics for the STUs’.

 

Ashok Leyland in a regulatory filing said that 22 STUs from across the country have placed orders for the buses. The company had also received orders from international market for the vehicle and said 'soon JanBus will be running in many countries’, Dasari added.

 

At 2.15pm Tuesday, Ashok Leyland was trading 5.2% up at Rs40.6 on the BSE, while the 30-share Sensex was marginally down at 27,218.

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