Thursday 30 January 2014

Tata Motors likely to bag Rs 1,000 crore order from Defence: Report

Tata Motors is reportedly in the final stages of closing Rs 1,000 crore contract from Ministry of Defence for the supply of 1,239 heavy duty trucks. The order for the supply of six-wheel-drive high mobility vehicles (HMV), fitted with material handling cranes, has the option of a follow-on order for 600 more units.

This deal is among the three procurement projects the defence ministry kicked off last year involving specialized trucks.

Tata Motors is India’s largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.

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