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Ashok Leyland bags Defence orders worth Rs 800 crore

Jul 18, 2023

By: BlinkX Research Team

Ashok Leyland, the Indian flagship of the Hinduja Group and the largest supplier of logistics vehicles to the Indian Army announced significant order wins, valued at Rs 800 crores in the Defence Sector. 

The contracts awarded also include the procurement of the Field Artillery Tractor (FAT 4x4) and the Gun Towing Vehicle (GTV 6x6).

The FAT 4x4 and GTV 6x6 are specialized vehicles employed by the Artillery for towing light and medium guns, respectively. Both these platforms were prominently featured in the initial positive indigenization list announced by the Government of India. Ashok Leyland's selection for these crucial Defence contracts underscores the company's commitment to indigenous manufacturing and its position as a trusted partner for the Indian Armed Forces, the company said in the filing.

Over the course of the next 12 months, Ashok Leyland will diligently deliver these cutting-edge vehicles to meet the requirements of the Indian Army, it added.

Shenu Agarwal, MD and CEO, of 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 the Defence mobility vehicles business. This is also a testament to our firm commitment to providing advanced mobility solutions for our armed forces. We are grateful for the trust placed in Ashok Leyland by the Government of India, and we remain dedicated to contributing to the country's indigenization efforts and self-reliance in defense manufacturing.

Source: Media reports