Hinduja flagship firm Ashok Leyland on Thursday said it has bagged orders for 1,400 intermediate commercial vehicles (ICVs) from a logistics start-up company, Procure Box. The ICVs will be utilised by Procure Box for its fuel distribution business across 750 districts in the country. The order encompasses Ashok Leyland’s most successful product – the Ecomet – and will be executed in the next five-six months, the company said in a regulatory filing.
The company, however, did not disclose the value of the order.
Ashok Leyland Chief Operating Officer Anuj Kathuria said, “With this order, our orderbook for ICVs has enhanced significantly…,” adding that over the last few years, Ashok Leyland has made significant efforts to increase its market share in the ICV segment and the efforts have given rich dividends.
Procure Box Founder and Chief Executive Officer Raman Kandhari said, “This order is a testimony of our commitment to offer the best services and thus create value for our customers”.
With the addition of 1,400 new Ashok Leyland ICVs, the logistics start-up and its associates will become the top fuel bowsing and gas cylinder logistics company in the industry, the filing added.
Source : https://economictimes.indiatimes.com/industry/auto/auto-news/ashok-leyland-bags-orders-for-1400-icvs-from-logistics-start-up-procure-box/articleshow/78162842.cms
Date : Sep 17, 2020
Subscribe to LIFTING TIMES, our weekly newsletter on the latest
happenings at Nandan GSE & the industries we serve.
Nandan GSE Pvt. Ltd. Nandan House, D205 MIDC Turbhe, Navi Mumbai 400705 India
Tel. +91 8691 030319
+91 8080 273133
Mail. [email protected]
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.