YEREVAN. – India’s Ashok Leyland Company will manufacture buses in Armenia, the Armenian Transport and Communication Ministry informs.    

As Armenian News-NEWS.am informed earlier, the Armenian government adopted a decision Wednesday to lease a capital city Yerevan production area to MED A.KGmbH Company for 35 years and for manufacturing buses. In accordance with the business plan it submitted, the leaseholder will have to manufacture buses, by investing Armenian drams equivalent to $7 million, over the course of seven years. But the name of this company is not known too much.

According to the ministry, the aforesaid Indian company will manufacture the buses in Armenia. As for MED A.KGmbH, this is probably the Indian company’s representation in Germany. 

The Indian company will import the equipment and spare parts of the manufacturing plant, and the buses will be assembled in Armenia. Up to 200 modern buses are planned to be manufactured in the first year of operations. 

The buses to be manufactured in Armenia will be much cheaper than those that that are still being imported into the country. The construction of the plant will start in the first quarter of this year.