Ashok Leyland is reportedly planning to grow its defence business to Rs 5,000 crore from existing Rs 500 crore in the coming years. The company has developed capablities to bid for 20-25 per cent of the tenders of the Indian Army as against 1% earlier.
The company has bagged tenders for mine protected vehicles and bullet proof vehicles from the security agencies and targets threefold business increase from its defence vertical.
Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.
