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Ashok Leyland signs consortium agreement with Nexter Systems, L&T

20 Jun 2014 Evaluate

Nexter Systems, Larsen & Toubro (L&T) and Ashok Leyland Defence Systems have signed a consortium agreement to collaborate for the Mounted Gun System (MGS) artillery programme of the Indian Army. The partnership was signed at Eurosatory, one of the world's largest defence exhibitions, between Nexter, L&T and Ashok Leyland. Under the agreement, L&T will act as the prime contractor and Nexter will transfer the final integration and production of the MGS artillery system in India to L&T.

The artillery system proposed by the consortium for the MGS programme is a version of the well- known CAESAR artillery system on 6x6 Super Stallion chassis from Ashok Leyland. Unveiled for the first time at the DEFEXPO show in New Delhi in February 2014, the Indian version of the CAESAR is also on display at the Nexter stand at Eurosatory 2014.

The partnership among the three companies is based on delivering the best solution and value to the Indian Army. The customization of the systems to fulfill specific Indian requirements will be done in cooperation between the three companies.

Besides, Nexter and L&T are already teaming for the Towed Gun System programme of the Indian ministry of defence, by proposing the TRAJAN which is under evaluation in India.

Peers
Company Name CMP
Tata Motors 399.45
Ashok Leyland 149.25
Force Motors 17630.40
Olectra Greentech 989.00
SML Mahindra 4900.10
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