VRL Logistics Limited plans a major buy from Ashok Leyland
Published On Jun 15, 2015
Ashok Leyland, the nation's leading truck maker, is expecting a massive deal sometime soon. VRL Logostics Limited, a leading logistics company, is planning to expand its current truck fleet, by bringing in 248 more units. At present, the company has close to 4000 trucks and buses in its fleet. The company is looking to enhance this number even further, and has plans on buying trucks from Ashok Leyland. The cost estimated for this new development is about 67 crores.
“Our goods transportation business serves a broad range of industries including the fast moving consumer goods sector as well as food, textiles, apparel, furniture, appliances, pharma products among others.” said the chairman of the logistics company, Vijay Sankeshwar. “We have a fleet of around 4,000 vehicles and with the money we are raising from the IPO, we will buy another 248 vehicles from Ashok Leyland to augment our fleet size,”
Ashok Leyland performs its operations with a head quarter based in Chennai, Tamil Nadu. The company was established in 1948. Today, it is the country's second largest manufacturer of commercial vehicles. The brand sells 60000 vehicles and 7000 engines every year. It has placed 700000 vehicles on Indian roads altogether, and supposedly carries 70 million passengers daily.