Ashok Leyland Bags Rs 800 Crore Defense Order

18 Jul 2023 CW Team

The Artillery uses the FAT 44 and GTV 666 specialized trucks to tow light and medium weapons, respectively. Both of these platforms were extensively highlighted in the government of India's inaugural positive indigenisation list.

Shenu Agarwal, MD and CEO, Ashok Leyland said, “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 indigenisation efforts and self-reliance in defense manufacturing.”

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 4×4, 6×6, 8×8, 10×10 & 12×12 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.”

The directive will be carried out over the next 12 months.

Ashok Leyland, one of the main suppliers of logistical vehicles to the Indian Army, has received a military sector order worth Rs 8 billion. Contracts were awarded for the acquisition of the Field Artillery Tractor (FAT 44) and the Gun Towing Vehicle (GTV 66). The Artillery uses the FAT 44 and GTV 666 specialized trucks to tow light and medium weapons, respectively. Both of these platforms were extensively highlighted in the government of India's inaugural positive indigenisation list. Shenu Agarwal, MD and CEO, Ashok Leyland said, “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 indigenisation efforts and self-reliance in defense manufacturing.” 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 4×4, 6×6, 8×8, 10×10 & 12×12 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.” The directive will be carried out over the next 12 months. See also: Ashok Leyland launches e-marketplace for used commercial vehicles AEL and Ashok Leyland to develop Hydrogen powered trucks

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..