Page 60 - March_2022.indb

INTERNATIONAL TICKER TAPE Bangladesh is one of our key export markets, and this supply

further strengthens our position in the country. We are enthused
by the various export facilitation measures taken by the Indian
Government.
The company plans to increase volumes and footprint in overseas
markets, especially SAARC, GCC and Africa. Exports have been
a strong focus for the company to de-risk from cyclicality in the
Indian market.
Ashok Leyland is one of the leading commercial vehicle brands
in Bangladesh, with more than 50 touchpoints across the country,
according to the company.
Apart from supplying many vehicles from India, the company also
assembles its range of trucks, buses, and LCV vehicles locally at
ASHOK LEYLAND TO SUPPLY 200 TRUCKS TO IFAD Auto Dhamrai plant in Bangladesh.
BANGLADESH
Ashok Leyland will supply 200 trucks to the Bangladesh government KEC INTERNATIONAL WINS NEW ORDERS WORTH
as part of a $2-billion line of credit announced by Prime Minister `11.12 BN
Narendra Modi. As part of the order, 135 built trucks have already KEC International, a global infrastructure EPC major, an RPG Group
been delivered to Bangladesh, Ashok Leyland said in a statement. Company, has secured new
The company won the tender floated by the Bangladesh orders of `11.12 billion across its
government for 135 fully-built trucks, comprising 3T truck, hydraulic various businesses. Transmission
beam lifter and Sewerage sucker. These trucks have already & Distribution (T&D) business has
been handed over to the Roads and Highways Department of secured orders for T&D projects in
Bangladesh in the current financial year, it added. CIS, Middle East, and Americas.
Ashok Leyland has now been awarded an order for another lot In Civil business, the company has secured orders for infra works
of 65 units of Truck Mounted Wrecker, a specialised vehicle to in the Water Pipeline and Urban Infra segments in India. Moreover,
be deployed by the Bangladesh government for various highway Cables business has secured orders for various types of cables in
applications, it noted. India and overseas.

CEAT EXPECTS TO DOUBLE ITS EUROPE BIZ IN OVERSEAS its `20 crore loss in the October-December quarter to high input
PUSH costs. The company gets a fifth of its revenue from overseas, with
Indian tyre maker Ceat expects its business in Europe to double in a quarter of that coming from Europe.
the next two-three years, benefitting from a series of antidumping To generate incremental sales from the continent, Ceat plans
duties being levied on Chinese tyres across the developed world. to enter markets like Germany and France and also launch new
To further capitalise on this, Ceat also aims to participate in the varieties of tyres in existing markets, Goenka said.
growing North American market. Meanwhile, the company is developing a range of tyres
International demand is robust and the company has a huge specifically for the US which should be ready in the coming 12-18
opportunity to grow overseas. The company is targeting to more months, he said.
than double its sales in Europe over a period of 2-3 years. There is also ample demand for off-highway tyres from these
There is an antidumping duty on Chinese tyres in the US markets.. There is a fair amount of shortage of off-highway tyres
and Europe., hence the comp0any is very optimistic about in the market at this point of time. And the company’s capacities
international business. are fully utilized. The company will be increasing its manufacturing
capacity in the off-highway segment.
The company expects the international business to grow at a
The company expects the international business to grow at a capacity in the off-highway segment.
compounded annual rate of
compounded annual rate of
20% over the coming
20% over the coming
few years. This will also
come as a respite for
the company when
high input costs
have put pressure
on margins and
impacted domestic
demand. Rubber
and crude oil prices
have been on the
boil of late, and the
company attributed

60 CONSTRUCTION OPPORTUNITIES|MARCH 2022