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22 May, 2018 03:58 IST
Ashok Leyland bags Rs 1.20 bn order from Rivigo
Source: IRIS | 11 Aug, 2017, 11.22AM
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Ashok Leyland, flagship of the Hinduja Group, today received an order for over Rs 1.20 billion from Rivigo, which is India's most innovative and fastest growing logistics company.

This order of 500 fully-built vehicles is driven by the success of the innovative iEGR (Intelligent Exhaust Gas Recirculation) technology which has been developed indigenously by Ashok Leyland. (Q,N,C,F)*

Developed to achieve the BS-IV emission norms, iEGR technology was launched in April 2017 for engines up to 400HP-a feat no other OEM has achieved globally.

AnuJ Kathuria, President, Global Trucks, Ashok Leyland, said, 'Ashok Leyland has been an integral part of Rivigo's story since the beginning of their journey. They trust us as their partners and we are glad that we have been able to deliver. This fresh order is a testimonial to the Indian, Intelligent and Innovative offerings of iEGR BS-IV technology, which translates to, 'No Adblue, 'No Electronics' and 'Better Mileage'. Today, our BS-IV iEGR vehicles are giving up to 10% better fuel economy when compared to our BS-III range. This is helping all our customers to improve their total cost of operations by up to 15%, translating to improved profits."

Shares of the company gained Rs 1.3, or 1.26%, to trade at Rs 104.60. The total volume of shares traded was 760,618 at the BSE (11.13 a.m., Friday).



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