Ashok Leyland wins Defense vehicles order valued Rs. 800 Cr

Chennai- Ashok Leyland Limited., of the Hinduja Group has procured the order worth of INR 800 Crores in the Defence Sector, which includes 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.

Ashok Leyland has committed to deliver the vehicle within 12 months to the Indian Army.

Speaking on the order win Mr. Shenu Agarwal, MD and CEO, 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 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."

Commenting on the occasion, Mr. Amandeep Singh, President – Defence Business, Ashok Leyland said, “Ashok Leyland's dependable mobility solutions have consistently remained a formidable asset within the defense sector, catering to the diverse needs of personnel and logistics across the armed forces. We are proud that we have been a leading example of ‘Atmanirbhar Bharat’, by serving alongside our forces through our products and solutions. Ashok Leyland has invested in development of mobility platforms ranging from 4x4, 6x6, 8x8, 10x10 & 12x12 for various applications and operational requirements of Indian Armed Forces.  These platforms are indigenously designed, developed and manufactured by Ashok Leyland and contribute significantly towards import substitution. This win is even more special as it comes at a time when we mark another milestone and celebrate our 75th year anniversary in September this year.”

In addition to it, the Leyland stock has hit a 52- week high, raising 2% in the intraday price of its shares, which is an increase of INR 2.20.