Tatas to bag Rs 1k cr Army contract to supply heavy duty trucks, Tatra trucks’ monopoly to end

[Bhai Zakir]

Tatas to bag Rs 1k cr Army contract to supply heavy duty trucks, Tatra trucks’ monopoly to end

NEW DELHI: Tata Motors is in the final stages of concluding a Rs 1,000 crore contract with the Ministry of Defence for the supply of 1,239 heavy duty trucks, in a move that will herald the end of a decades-long monopoly Czech-made Tatra trucks enjoyed in supplying the military's high-end vehicles.

The deal for the so-called six-wheel-drive high mobility vehicles (HMV), fitted with material handling cranes, has the option of a follow-on order for 600 more units, a senior c ..

Tata Motors is participating in both. The eight-wheel-drive HMV contract is for 255 units and has an approximate value of Rs 400 crore, while the FAT contract is for 100 units with an approximate total value of Rs 80 crore.

A defence ministry spokesperson declined to comment. An analyst who closely tracks the ministry's finances said it was unlikely that the ministry will sign any new contract this fiscal as the finance ministry had made revisions to the defence budget, moving Rs 7,800 ..

Read more at:
Tatas to bag Rs 1k cr Army contract to supply heavy duty trucks, Tatra trucks’ monopoly to end - The Economic Times

 

[Levina]

Finally we'll not see anymore of those left hand drive vehicles on RD parades ....that was quite a tradition since 1980's.
And OP please correct the digits...its Rs7800CRORES.

 

[jarves]

Very good news.

 

[Dem!god]

good news.....
more private companies needs to get involved...
particularly in high end research tech...

 

[IND151]

Good news

Tata Motors is in the final stages of concluding a Rs 1,000 crore contract with the Ministry of Defence for the supply of 1,239 heavy duty trucks

 

[Mujraparty]

 

[IND151]

Finally we'll not see anymore of those left hand drive vehicles on RD parades ....that was quite a tradition since 1980's.
And OP please correct the digits...its Rs7800CRORES.

The real good news will be the day when TATA has developed something like this.

 

[Levina]

The real good news will be the day when TATA has developed something like this.

Unfortunately TATA isnt really as reliable and efficient.....and TATA has faced some tough times since 2010.Last was Slym's death (TATA motors MD) few days back.
I hope they reign....

 

[Dem!god]

Unfortunately TATA isnt really as reliable and efficient.....and TATA has faced some tough times since 2010.Last was Slym's death (TATA motors MD) few days back.
I hope they reign....

why do you hate tatas now.....
slym died b'coz he committed suicide...isme tata kya karega...
kis baat ki khunnas hai tata se......?????

 

[Bhai Zakir]

@ fsayed

We all respect Gandhiji even Modi says he respect him, but its not the thread meant for Gandhiji.

 

[Levina]

why do you hate tatas now.....
slym died b'coz he committed suicide...isme tata kya karega...
kis baat ki khunnas hai tata se......?????

Nahii not much of a problem....just that they havent shown any progress in last few years.
They had showcased tata micro bullet proof vehicle 2 years back..which looked like a nano converted into MBPV

 

[Dem!god]

Nahii not much of a problem....just that they havent shown any progress in last few years.
They had showcased tata micro bullet proof vehicle 2 years back..which looked like a nano converted into MBPV


View attachment 14827

you see...how cute the vehicle is.....and you say like that...Nano also looks good.....
but tata isme kya karega....when gov. is not showing any interest in it....If they cannot make profit from it why will they invest...
any way..don't bang your head...it's just a small vehicle....+ now they have won this contract...

 

[SpArK]

Tata eyes 40% turnover growth in defence manufacturing | The Indian Express

The Tata Group has said that it welcomes the idea of making India self-reliant in defence equipment and weapons manufacturing.

Mukund Rajan, member – group executive council and brand custodian, Tata Sons, made the comment in Delhi while announcing that the group has raised its turnover outlook from the sector by 40 per cent to Rs 2,400 crore in FY14. He was responding to a query on the comment made by BJP’s Prime Ministerial candidate Narendra Modi in Mumbai on Tuesday that the country should become an exporter of weapons instead of being an importer.

“The answer to this question would be easy. This is something, which we welcome, because it will beneficial for the country as well as our company,” Rajan said. India currently imports over 70 per cent of its total defence equipment needs, as per government sources.

“We believe, as a group, we are ready to enter into any defence sector the government opens up” Rajan added. He also pushed for an increase in foreign direct investment (FDI) limit in the sector.

“There’s no doubt that India needs relaxation of foreign direct investment norms in the defence sector,” he said. The group supports an increase in FDI cap to 49 per cent in the sector.

The defence industry in India has been seeking a hike in the FDI cap. Last year, the government decided to allow FDI above 26 per cent on a case-to-case basis after approval of the Cabinet Committee on Security.

According to FY14 Budget, India’s capital expenditure on defence services was increased to Rs 86,741 crore from Rs 69,579 crore in FY13. A large part of this investment goes to foreign companies, who are under the offset policy, bound to invest 30 per cent of the value of a contract in purchases, investments and transfer of technology to India.

Out of the over 100 operating companies that the group has, 14 entities, including Tata Motors, Tata Advanced Systems and Tata Power (Strategic Engineering Division), are currently suppliers for various Indian defence requirements.

“The order book size is in the excess of Rs 8,000 crore and these are to be fulfilled in the next one to four years,” Rajan said. Highlighting the advancement that the group has achieved in various areas of the defence sector, he added that some of the group companies have become exclusive suppliers to global original defence equipment makers, apart from playing strategic roles in India’s missile programmes.

 

[Levina]

any way..don't bang your head...it's just a small vehicle....+ now they have won this contract...

Now thats what I call good news.
Hail MBPV!!!

 

[Abhishek_]

excellent way to start the new year