Allison Transmission Expands Presence in Saudi Arabia and Qatar, Strengthening Partnerships in the Middle East

Middle East, June 2023 - Allison Transmission, a global leader in commercial-duty automatic transmissions and propulsion solutions, has expanded its presence in Saudi Arabia and Qatar with key partnerships, underscoring the company's dedication to providing cleaner and more sustainable transportation systems across the Middle East. Recent successes for Allison in Qatar and Saudi Arabia include a major fleet deal in the kingdom, reflecting the company's growing network of strategic partners and the increasing demand for its cutting-edge technology. These milestones highlight the pivotal role of the Middle East in the company's global growth strategy.

In Saudi Arabia, Allison recently partnered with a Chinese manufacturer to supply 40 buses for the Hajj and Umrah periods equipped with Allison transmissions for the first time ever, reinforcing the crucial role the company has played in supporting the country's transportation needs for these important religious occasions. Major Saudi fleet operators have selected Allison fully automatic transmissions for their reliability, efficiency and passenger comfort. Allison’s torque converter and Continuous Power Technology™ eliminate power interrupts resulting in a comfortable and smooth driving experience for both the driver and passengers. The fully hydraulic automatic transmission without mechanical clutches, has less wear and tear also on all parts of the drivetrain and therefore resulting in fewer costly breakdowns and repairs.

The company's collaboration with leading bus manufacturers contributed to the delivery of some 450 buses in 2020 alone, the largest single sale in the Middle East North Africa (MENA) region. This achievement was made possible through partnerships with Chinese bus OEMs.

Allison Transmission is also celebrating a successful collaboration with TAM, a new Chinese brand of city buses making their debut in Jeddah, Saudi Arabia. Around 20 TAM city buses equipped with Allison transmissions arrived in Jeddah last month, demonstrating the partnership's commitment to delivering reliable and efficient transportation solutions. This milestone reinforces Allison Transmission's dedication to supporting emerging brands and expanding their presence in the Middle East market.

In Qatar, Allison has partnered with Yutong & Higer, a renowned Chinese bus manufacturer, to help supply over 250 school buses. These buses, equipped with the Allison 3000 Series™, embody the company’s top-tier technology and its commitment to delivering high-performance and reliable solutions.

Allison’s enduring partnerships with Chinese manufacturers in both Qatar and Saudi Arabia are built on a foundation of trust and collaboration established over three decades. These alliances have enabled the seamless integration of Allison propulsion solutions, including its renowned T390R transmission, known for its reliability, ease of operation and fuel efficiency.

"These achievements in Saudi Arabia and Qatar highlight the importance of the region to our company and demonstrate our commitment to supporting its transportation needs,” said Muhammad Ibrahim Khan, Area Manager for Middle East & Pakistan. “By collaborating with leading bus manufacturers and delivering top-tier technology, we contribute to the modernization of transportation networks, enhancing operational efficiency and meeting the evolving demands of our Middle East customers."

06 Jul, 2023

Back

Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has approximately 1,600 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

Legal

This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding future financial results. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plans," "project," "anticipate," "believe," "estimate," "predict," "intend," "forecast," "could," "potential," "continue" or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: risks related to our substantial indebtedness; uncertainty in the global regulatory and business environments in which we operate; our participation in markets that are competitive; the highly cyclical industries in which certain of our end users operate; the failure of markets outside North America to increase adoption of fully-automatic transmissions; the concentration of our net sales in our top five customers and the loss of any one of these; future reductions or changes in government subsidies for hybrid vehicles and other external factors impacting demand; U.S. defense spending; general economic and industry conditions; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments and changing customer needs; risks associated with our international operations; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers; our intention to pay dividends and repurchase shares of our common stock; and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.

SOURCE Allison Transmission Holdings Inc.