Ashok Leyland and Israel's ELBIT Systems sign MOU for High Mobility Vehicles
Deepthi | Myequity news | Date : 12-12-2018 10:30:00 IST
Ashok Leyland, flagship of the Hinduja Group signed a Memorandum of Understanding (MOU) with ELBIT Systems. As part of this agreement, Ashok Leyland will provide High Mobility vehicles (HMV) for mounting Elbit Systems' artillery guns and systems. The integrated systems are targeted for worldwide export markets. Ashok Leyland has expertise in design, manufacturing of logistic vehicles, combat support High Mobility Vehicles (HMV) and Armoured vehicles for the defence forces.
Speaking on this milestone partnership, Mr. Vinod K. Dasari, MD, Ashok Leyland, said, "Ashok Leyland is proud to be associated with ELBIT Systems and we are certain this partnership will expand our reach globally. It underlines our capabilities of making and designing in India, for the world. This step is also in line with our strategy of increasing contribution from our Defence Business which will help us de- risk our overall business."
Mr. Amandeep Singh, Head - Defence, Ashok Leyland, said, "For over three decades, Ashok Leyland has been a vital part of our Defence forces through our mobility solutions. Now, with this MOU, we will be able to compete on a global stage with global OEMs. Our strong focus on strategic global defense organizations to provide state of the art mobility technology is being recognised. With ELBIT as our partners, we seek to leverage the capabilities of both organizations and provide world-class mobility solutions across the globe. With our expertise in design and logistics, this MOU marks yet another milestone for us and our country."
ELBIT Systems, Israel, is a high technology company globally engaged in a range of defense areas including Land Systems, Artillery Systems and Platforms, Howitzers, Mortars and Ammunition. This collaboration will strengthen its defense business and provide an opportunity to export these integrated systems worldwide. About Ashok Leyland:
Ashok Leyland is an Indian automobile company headquartered in Chennai, India. It is owned by the Hinduja Group. Founded in 1948, it is the 2nd largest commercial vehicle manufacturer in India, 4th largest manufacturer of buses in the world and 12th largest manufacturer of trucks globally. Operating nine plants, Ashok Leyland also makes spare parts and engines for industrial and marine applications.