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Ashok Leyland inks MoU with ELBIT Systems

12 Dec 2018 Evaluate

Ashok Leyland has signed a Memorandum of Understanding (MoU) with ELBIT Systems. As part of this agreement, the company 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.

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.

Peers
Company Name CMP
Tata Motors 428.15
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1083.65
SML Mahindra 6087.35
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