Tata Motors takes order of 914-crore from Indian Army [ Current News (Concise) ]
About Tata Motors: Tata Motors is an Indian multinational automotive manufacturing company. It’s headquarter is in Mumbai, Maharashtra. Its products include passenger cars, trucks, vans, coaches, buses, construction equipment and military vehicles.
- It is the world’s 17th-largest motor vehicle manufacturing company, fourth-largest truck manufacturer, and second-largest bus manufacturer by measurements.
About order from Indian army:
- Tata Motors has taken the single-largest order of high mobility vehicle (LMV) worth Rs. 914 crore from the Indian Army.
- Tata Motor is going to supply over 1,239 high mobility vehicles in next two year.
- Mahindra and Mahindra have also been short listed to supply over 3,192 vehicles to the Army.
About the Deal:
- In this deal, Indian army wants Tata Motor to supply indigenously developed 66 multi-axle trucks that are mainly functional for loading and unloading ammunition.
- Tata Motor’s Safari Strom and Mahindra’s Scorpio will be replaced Mahindra Commander and Maruti Suzuki’s Gypsy by Indian Army; after rigorous tests, they were short listed for this deal.
- Army is planning to replace over 30,000 to 40,000 vehicles.
- Tata Motors is also short listed by the Government for making Future Infantry Combat Vehicle (ICV) under “Make in India” initiative.
- Government has agreed to fund Tata Motors up to 80 percent on the research and development programme under this initiative.
- Published on: August 3, 2015