Hinduja Group highlights growth prospects in mobility solutions for armed forces
Ashok Leyland, the flagship of Hinduja Group is all geared up to offer an array of mobility solutions, including missile carrying vehicles, to the armed forces. The company’s defense business is likely to jump four-fold in revenues at over Rs 2,000 crore in next five years.
Vinod Dasari, the Managing Director of Ashok Leyland stated, “In defence, we have got tremendous growth. We have won 13 out of the last 15 tenders..we are today a Rs 500 crore company in defence and in five years we should be well above Rs 2,000 crore,”
He further added, “The Company aims to accomplish its revenue targets even as it remains entirely focused just on the mobility part. We are not going to make guns; we are not going to make ammunition. Anything in armed forces that require movement we will move. This is an extension of our core competency. We are not going to diversify; mobility will be the focus,”
Ashok Leyland Defence Systems (ALDS) is a division of Ashok Leyland which manufactures a wide range of products. It caters to all logistics requirements including troop/load carrying vehicle, light recovery vehicles, field artillery tractor and truck fire fighting, among others.
“We have gone from just making 4X4 vehicles to 6X6 and 8X6. We make bridge launchers on 10X10. We have already won tenders for that, we have 12X12 that can carry a missile,” Dasari said.
Hinduja Group has expanded its areas of operations covering a wide range of solutions, including products to move large missiles. It has emerged as one of the leading conglomerates from the mere provider of 4X4 vehicles to the army.
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