4.00 (1.21%) Tata Motors, the country’s largest automotive player, has signed a Memorandum of Understanding (MoU) with the Maharashtra Ex-Servicemen Corporation (MESCO), for creation of employment opportunities for ex-service men of Indian Army, in response to Tata Motors solution for the Indian Ministry of Defences’ (MoD) prestigious $10 billion combat vehicle programme. Through this partnership, the company will be even better positioned to involve the Small & Medium Scale Enterprises in defence equipment manufacturing and at the same time cater to the opportunities available in India.
Tata Motors recently also signed a strategic agreement with Bharat Forge (BFL) and General Dynamics Land Systems (GDLS) of the US, for the Indian Ministry of Defence (MoD’s) prestigious Future Infantry Combat Vehicle (FICV) program. Tata Motors will lead the consortium, playing on its strengths related to Design, Development & Integration of mobility platforms, with Bharat Forge as a partner, bringing on board its competence in local manufacturing.
Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.