Friday, November, 15, 2019 05:05:45
  • Ashok Leyland would supply the HMVs that would mount Elbit’s systems & artillery guns to OEMs across the world.
  • The move comes as part of Ashok Leyland’s ongoing efforts to boost contribution from its defense business.

Ashok Leyland, a renowned Indian automobile manufacturing company, has reportedly announced that it has signed a Memorandum of Understanding (MoU) with Elbit Systems Ltd. (Elbit), an Israeli international defense electronics firm, for High Mobility Vehicles (HMVs).

Reports cite, under the agreement, the Indian automaker would be supplying its HMVs with capabilities for mounting Elbit’s systems & artillery guns to Original Equipment Manufacturers (OEMs) across the globe.

According to a press release by Ashok Leyland, the integrated systems are specifically designed to target export markets across the world. Ashok Leyland would be relying upon its expertise of designing and manufacturing Armored vehicles, logistics vehicles as well as combat-support High Mobility Vehicles for the defense sector.

The Managing Director, Ashok Leyland, Vinod K Dasari stated that the company is proud to be affiliated with Elbit systems and is certain that the latest collaboration would significantly expand reach of both the firms on a global level. Dasari further added that the move also falls in line with the company’s long-term strategy of increasing its contribution through its defense business unit, which would greatly help de-risk the company’s overall business.

The Head-Defense at Ashok Leyland, Amandeep Singh stated that for over 30 years the company has been a crucial part of the nation’s defense forces due to its varied offerings in mobility solutions and with the latest agreement, Ashok Leyland would become capable of competing with OEMs on a global stage. Singh further added that with the Elbit collaboration, the company aims to leverage the capabilities of both the firms & facilitate a world-class mobility solution for the global market. The deal marks another milestone for the company and the nation.

According to reports, the financial terms of the agreement have not been unveiled yet.