Al-Futtaim Auto & Machinery (FAMCO) KSA says its deal to distribute Ashok Leyland vehicles places it at the forefront of Saudi Arabia’s commercial vehicle landscape.
FAMCO KSA’s strategic partnership with Ashok Leyland, a global giant and the fourth largest bus manufacturer worldwide, marks a major milestone in FAMCO’s roadmap to rapid business expansion across the region. the distributor said in a statement.
It added that Ashok Leyland is an “established, formidable brand” with a major market share within the bus and truck segment.
Globally, the manufacturer is present in over 50 countries, offering a wide range of commercial vehicles, including trucks, buses, and special vehicles, catering to critical economic sectors such as logistics, construction, and public transportation.
“In our pursuit to continuously enhance customer experience and broaden our offerings, we are thrilled to welcome Ashok Leyland, a globally recognised brand, to Riyadh. This alliance not only strengthens our commitment to providing the highest level of service and support to our customers but also signifies a significant step forward in our mission to offer a diverse range of solutions tailored to meet their evolving needs,” said Ramez Hamdan, Managing Director of Al-Futtaim Industrial Equipment (FAMCO & Commercial Vehicles).
Spurred by the Vision 2030, Saudi Arabia is fast-progressing towards an unprecedented economic transformation and growth, with industry analysts expecting the country’s commercial vehicle market to nearly double from U$ 16.76 billion in 2022 to US$ 30.93 billion in 2030.
According to the new partners, in the dynamic landscape of Saudi Arabia, FAMCO KSA and Ashok Leyland are well-placed to become integral players.
FAMCO said the collaboration is a clear demonstration of its “commitment to excellence, innovation, and playing a pivotal role” in the regional market: “FAMCO KSA encourages interested parties to stay tuned for further announcements regarding the opening of its new showroom, which will be communicated through FAMCO KSA’s official website and social media channels.”
