First announced during the 2015-16, financial results press meet last May at Ashok Leyland’s Corporate office, Ashok Leyland opened a new Assembly unit at Dhaka catering to local market. This plant is built over a period of 15 months, and is spread over 37 acres. The facility is a strategic joint collaboration and tie-up between Ashok Leyland and IFAD Autos Ltd, Bangladesh.
Since 1985 – IFAD AUTOS has played a crucial role in building the transport industry of Bangladesh. Starting out as private enterprise, IFAD AUTOS has built a network throughout Bangladesh with offices, dealers and showrooms having nationwide reach. The company underwent an IPO in late 2014 to mark its significant expansion in operations. IFAD AUTOS provide a full line of HCV and LCV Trucks, Buses and special service vehicles from Ashok Leyland of India. At present, Ashok Leyland vehicles are available across Bangladesh through 21-IFAD owned area offices and 12 dealers.
“Bangladesh is a country that is developing very quickly. In such a scenario, Ashok Leyland vehicles will prove to be a boon for the country’s infrastructure. We look forward to forging a strong relationship with Ashok Leyland, as we have done in the past”, Taskeen Ahmed, Managing Director IFAD Autos, said during the opening of plant.
This announcement comes on the back of Ashok Leyland’s vision to strengthen its overseas presence. With a capacity to roll out 600-800 vehicles each month, the plant is equipped with state-of-the-art manufacturing equipment and assembly lines. It will also be facilitated with a bodybuilding and vehicle testing facility, which will become functional in the next two years. In addition, a canteen and dormitory/ rooms for workers and employees to stay will ensure the well-being of the team.