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Ashok Leyland gung-ho about defence biz

Press Trust of India  |  Chennai 

flagship Ashok Leyland was "gung ho" about its defence and would focus only on mobility of defence products, a top said today.

The has showcased six advanced products and at the DefExpo organised by at Thiruvadanthai about 40kms from here.

"We are gung ho about our defence We are going to focus only on mobility. That means we will not manufacture submarines, missiles. You know, we have been the largest provider in (business)," Ashok Leyland, Managing Director, told reporters here.

Stating that the defence constitute about Rs 800 crore to the group as a whole, he said, there was enough scope in this sector which would enable the company to reach Rs 5,000 crore 'cumulatively' over the next five years.

"Number of tenders and the level of activity (in defence business) have gone up a lot", he said to a query on the opportunities available in the domestic market.

The four-day DefExpo is focused on the theme India: The Emerging Defence hub, scheduled to be inaugurated by tomorrow.

Some of the products showcased by are Light Specialist Vehicle 4x4, logistics vehicle -- 715, medium bullet proof vehicle 4x4, high mobility vehicle Super Stallion 8x8, power pack for artillery guns -- for and tracked vehicles -- repower, for tracked vehicles.

The local content in the of light specialist vehicles was 98 per cent, Dasari said.

"This year's DefExpo is to showcase India, as a major hub of defence production in the world. is proud to be leading in this area for almost three decades and we plan to be at the forefront of designing and making in by expanding our range of vehicles", he said.

has developed capabilities which will help the company to bid for 20-25 per cent of the tenders of the against the one per cent earlier, he said.

The six advanced products were formally unveiled by Mahadevi Bilebal, wife of the late Lance Nayak Hanumanthappa Koppad, who was posthumously awarded the Sena medal and Veer Chakra Captain at the company's stall in DefExpo.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 16:15 IST