Bhai Zakir
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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
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