Ashok Leyland wins Rs 230-cr order for Army

New Delhi, Feb 1 | Updated: Feb 2 2006, 05:30am hrs
The countrys second largest truck maker Ashok Leyland announced on Wednesday that it had signed a Rs 230-crore order to supply 872 specialised water carriers for the Indain Army.

The delivery of the water carriers will start later this year and by the end of second quarter of the next fiscal. MD R Seshasayee also said that the company will enter the tactical vehicle segment by making armoured vehicles.

At present, the defence business accounts for 8-12% of Ashok Leylands nearly Rs 5,000 crore revenues and is expected to grow at the rate of 10%. The Ordnance Factory Board is already using our stallion carrier platform to develop armoured vehicles. Independently, we are working on building armoured vehicles which will be available in next seven to eight months, Mr Seshasayee said. We have upgraded the Stallion 6 X 6 model for the export market and will offer it to the Indian defence forces as well, he said.