Mahindra & Mahindra and the UK-based BAE Systems will together invest $21.25 million (close to Rs 100 crore) over a three-year period in a joint venture to make defence vehicles. Both the companies formally signed an agreement to form the land systems-focused joint venture.
The 74:26 joint venture received Foreign Investment Promotion Board (FIPB) approval earlier this year. The name of the joint venture company is going through the official certification process. The new company will have ‘purpose built manufacturing facility' in
The company will initially employ 100 people in its projects including Axe, the high mobility vehicle as well as up-armoured and bullet-proof Scorpios, Boleros, Rakshak, Rapid Intervention Vehicles and the Marksman light armoured vehicle.
The companies have worked in partnership to produce a prototype of a mine-protected vehicle. The joint venture company will be involved in a number of future artillery programmes including M777 light weight howitzer and the FH77B 155 mm howitzer.
crackcrack| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 359.00 |
| Maruti Suzuki | 13790.00 |
| Mahindra & Mahindra | 3374.35 |
| Hyundai Motor India | 1849.35 |
| Mercury Metals | 31.99 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: