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Leyland to supply defence vehicles to Sudan
NEW DELHI,
FEB. 16.
Ashok Leyland today said it had signed an agreement to supply army trucks and buses to the Sudan Defence Ministry in a deal worth $10 million.
The company will supply 100 Stallion trucks and 100 Falcon buses in the first phase, with an opportunity for an annual supply of 500 trucks and 500 buses, Ashok Leyland said in a statement.
The Hinduja group's flagship ALL is likely to enter China in a joint venture with its technology partner Iveco, the commercial vehicle arm of the Fiat group, according to sources close to the company.
Ashok Leyland is the fifth Indian automaker with plans to enter China.
The Hindujas and Iveco, who among themselves own 51 per cent of ALL, have signed a new shareholder agreement. The new agreement is expected to significantly enhance cooperation between ALL and Iveco, both in terms of exploring new markets and sharing technology.
Recently, Ashok Leyland, which had a $1 billion turnover last year, has clinched a deal to supply 3,322 trucks to Iraq, the largest order so far for commercial vehicles from India. — UNI
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