Associate Sponsors

Co-sponsor

Ashok Leyland signs MoU with Russian, Indian firms for defence supply

To provide tracked vehicle solutions to Indian armed forces

Ashok Leyland signs MoU with Russian, Indian firms for military products
T E Narasimhan Chennai
Last Updated : Sep 06 2017 | 5:10 PM IST
Ashok Leyland Defence Systems (ALDS), part of Hinduja Group flagship Ashok Leyland, has signed a Memorandum of Understanding (MoU) on cooperation with Rosoboronexport (ROE), Russia, and an Indian firm ELCOM Group, to provide tracked vehicle solutions to Indian armed forces.

Rosoboronexport (ROE), Russia, is the only state-run firm in Russia for export of an entire range of military products and technologies. ELCOM Group is a player in strategic electronics, avionics and tactical communication globally.

Vinod K Dasari, managing director of Ashok Leyland said, "The signing of this MoU is a step in the direction as this new partnership allows Ashok Leyland to provide all types of tracked vehicle solutions to Indian armed forces.

Amandeep Singh, head-defence, Ashok Leyland said the company is happy that ROE has chosen ALDS and ELCOM as its partners in India to address the tracked vehicle upgrade programme of Indian armed forces.

"The issue of indegenisation and availability of service and parts, which has been an area of concern, will now be addressed as ALDS and ELCOM will be responsible for manufacturing in India and also providing life cycle support," he added.

Ashok Leyland has been a supplier of logistics and special role vehicles to the Indian Army for the past 25 years.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story