The order, valued at approximately USD 60.9 million, includes 50, Volvo 9600 luxury sleeper coaches and 500, Eicher Intercity 13.5m2 AC and non-AC sleeper coaches.

Tractor sales in the first quarter (April to June) of 2023-24 increased by 51.9% to register 14,479 units compared with 9,535 units in the same quarter of the previous year (FY 2022-23).

Sales of medium and heavy-duty rigid trucks (7.5t gvw and above) in India experienced a contraction of 10.4% in Q1 (April-June) of FY2023-24 to register 52,356 units, down from 58,443 units in same quarter of the year 2022-23.

Latent demand has boosted sales of buses and coaches (7.5t GVW and above) in India, amongst other reasons, with registrations up by 38.9% in the first quarter (April to June) of the financial year 2023-24 to register 10,939 units compared with 7,876 units in the same quarter of the previous financial year (FY2022-23).

Sales of light-duty buses and coaches (7.5t & below) rose by 24.6% to register 14,438 units in the first fiscal quarter (April to June) of 2023, up from 11,590 units in Q1 of FY2022.

Sales of light-duty trucks (goods carrier vehicles of GVW ≤ 7.5t) in the first quarter (April to June) of fiscal year 2023-24 decreased by 8.9% to 124,834 units, down from 137,044 units in same period of Q1/FY2022-23.

Shenu Agarwal, MD and CEO, Ashok Leyland, said: "We are immensely proud to have secured these orders from the Indian Army. The Defence business has been a strong pillar of growth for us, and this win further establishes our leadership in Defence mobility vehicles business."

Designed for the global market, the concept electric truck showcases Tresa's take on industrial design, axial flux powertrain and safe battery packs for medium and heavy electric trucks.

The FC-powered coach is based on a customized BharatBenz coach chassis and powered by a fuel cell system designed and developed by Reliance Industries.

The BharatBenz Certified initiative will undertake the refurbishment of pre-owned BharatBenz vehicles with a 125-point quality check that will lead to a thorough technical check, repair and restoration of the vehicles.

This product announcement follows on from a Memorandum of Understanding (MoU) for long-term collaboration signed in January 2022 to develop autonomous vehicles.

Eicher and Valvoline have been associated since 2019 for the supply of Eicher Genuine Lubricants.