TATA Motors of India plans to double the revenue from its defence business in the next 3 years 11107151

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Defence & Security News - India
 
TATA Motors of India plans to double the revenue from its defence business in the next 3 years.
Indian Company Tata Motors Ltd plans to double the revenue from its defence business over the next three years to $600 million, betting on the government's push for more local defence manufacturing, a top company official said on Friday, July 10, 2015.
     
Indian Company Tata Motors Ltd plans to double the revenue from its defence business over the next three years to $600 million, betting on the government's push for more local defence manufacturing, a top company official said on Friday, July 10, 2015. TATA Motors Kestrel 8x8 armoured vehicle at DefExpo Defense Exhibition in New Delhi.
     
Indian companies are investing billions to build anything from armoured trucks, to guns and submarines, as they race to win a share of the roughly $100 billion in defence deals New Delhi has said it will ring-fence for domestic firms over the next decade.

Tata Motors, part of Tata Group, generated about $316 million in revenue from defence over the last three years, about 3 percent of the company's total revenues.

Tata said it had won an order from the Indian army, worth about $150 million, for more than 1,200 multi-axle vehicles for loading and unloading ammunition.

The company has a defence order book for about $237 million, and it would compete for 700 light armoured multi-roll vehicles and 100 wheeled armoured personnel carriers that the military has said it wants to procure, Noronha said.

During the latest defense exhibition in New Delhi, TATA Motors has unveiled new armoured vehicle as the LAMV (Light Armoured Multipurpose Vehicle) and the Kestrel, an 8x8 armoured vehicle.

The LAMV is developed indigenously with technical inputs from Supacat of the UK, for vital reconnaissance mobility, protection and firepower. A light patrol vehicle, the LAMV combines an integrated blast and ballistic protection system, including a protected all composite detachable crew pod and V-shaped hull, providing an all-round protection.

The Kestrel is a modular vehicle with interchangeable snap-in modules, leading to easy customization and self-reliance in achieving its roles. The major features of the vehicle include Optimized Survivability, all terrain performance and increased lethality.
     
Indian Company Tata Motors Ltd plans to double the revenue from its defence business over the next three years to $600 million, betting on the government's push for more local defence manufacturing, a top company official said on Friday, July 10, 2015. TATA Motors LAMV Light Armoured Multipurpose Vehicle at DefExpo Defense Exhibition in New Delhi.