New Delhi: India today signed a contract with a domestic defence major to supply 1,300 Light Specialist Vehicles at a cost of $146 million for its army. These vehicles would be inducted in the Indian Army in four years.
India’s Ministry of Defence firmed up and signed the contract, worth Indian Rupees 1,056 crore (or Rupees 10.56 billion), with Mahindra Defence Systems Limited, according to a statement from the Ministry of Defence.
The Light Specialist Vehicle is a modern fighting vehicle and will be deployed with various fighting units for carriage of Medium Machine Guns, Automatic Grenade Launchers, and Anti-Tank Guided Missiles.
The Light Specialist Vehicle is indigenously designed and developed by Mahindra Defence Systems Limited. These combat vehicles are extremely agile with all round protection against small arms fire and will assist small independent detachments, which are required to operate this weapon platform in the operational area.
This is a flagship project showcasing the indigenous manufacturing capabilities of the Indian defence industry and will add another milestone to the ‘Atma Nir Bhar Bharat‘ and the ‘Make in India’ initiatives of the government, the statement said.