Defence Land Systems India, a joint venture between Mahindra & Mahindra and BAE Systems Plc, on Thursday said it plans to develop infantry combat vehicles and artillery systems as it looks to expand its product portfolio.
The company today announced handing over of six Mine Protected Vehicle India (MPV-I) to Jharkhand Police to mark the beginning of serial production of the landmine protected vehicles from its Prithla plant, near Faridabad.
It expects to sell about MPV-I next fiscal as it eyes big orders from the Home Ministry for CRPF and other state police forces for mine protected vehicles.
"We are among the four companies identified for Indian Army's future infantry combat vehicle, out of which two will be shortlisted. Already we are preparing ourselves to be ready if we are shortlisted for that," Defence Land Systems India (DLSI) Managing Director and CEO, Khutub Hai told PTI.
Moreover the company is "also looking at design and development of artillery systems" to widen its portfolio.
He said the company is leveraging on technology from BAE Systems and develop products that are cost effective but at par with global standards.
Commenting on the MPV-I, Hai said:"This is the first such vehicle of its kind indigenously manufactured by the private sector industry being delivered to the police forces in the country." While declining to disclose order size from Jharkhand Police, he said the firm expects to sell a total of about 20- 25 MPV-Is this fiscal.
"This will include repeat order from Jharkhand Police, which will be slightly bigger than the first order and also from five to six states which are actively combating Naxalites," Hai said without disclosing further details.
"For the next fiscal we are confident of doing about 100 MPV-Is and we are expecting orders from various state police forces," he said.
Globally such vehicles cost around about half a million dollars but DLSI is offering it "at a much lesser rate", he said.
At present, DLSI produces combat vehicles such as Rakshak, Rakshak Plus, Marksman and MPVi, armoured bus, riot intervention vehicle and Scorpio Uparmoured for VIP security.
The company's Prithla plant has a capacity to produce up to 800 vehicles a year, of which up to 120 are MPV-Is. In the last three to four years the company has invested about Rs 60 crore on the plant.
Source : htt p://economictimes.indiatimes. com/news/news-by-industry/auto/automobiles/defence-land-systems-india-plans-infantry-combat-vehicles-artillery-systems/articleshow/9735819.cms
The company today announced handing over of six Mine Protected Vehicle India (MPV-I) to Jharkhand Police to mark the beginning of serial production of the landmine protected vehicles from its Prithla plant, near Faridabad.
It expects to sell about MPV-I next fiscal as it eyes big orders from the Home Ministry for CRPF and other state police forces for mine protected vehicles.
"We are among the four companies identified for Indian Army's future infantry combat vehicle, out of which two will be shortlisted. Already we are preparing ourselves to be ready if we are shortlisted for that," Defence Land Systems India (DLSI) Managing Director and CEO, Khutub Hai told PTI.
Moreover the company is "also looking at design and development of artillery systems" to widen its portfolio.
He said the company is leveraging on technology from BAE Systems and develop products that are cost effective but at par with global standards.
Commenting on the MPV-I, Hai said:"This is the first such vehicle of its kind indigenously manufactured by the private sector industry being delivered to the police forces in the country." While declining to disclose order size from Jharkhand Police, he said the firm expects to sell a total of about 20- 25 MPV-Is this fiscal.
"This will include repeat order from Jharkhand Police, which will be slightly bigger than the first order and also from five to six states which are actively combating Naxalites," Hai said without disclosing further details.
"For the next fiscal we are confident of doing about 100 MPV-Is and we are expecting orders from various state police forces," he said.
Globally such vehicles cost around about half a million dollars but DLSI is offering it "at a much lesser rate", he said.
At present, DLSI produces combat vehicles such as Rakshak, Rakshak Plus, Marksman and MPVi, armoured bus, riot intervention vehicle and Scorpio Uparmoured for VIP security.
The company's Prithla plant has a capacity to produce up to 800 vehicles a year, of which up to 120 are MPV-Is. In the last three to four years the company has invested about Rs 60 crore on the plant.
Source : htt p://economictimes.indiatimes. com/news/news-by-industry/auto/automobiles/defence-land-systems-india-plans-infantry-combat-vehicles-artillery-systems/articleshow/9735819.cms
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