Ashok Leyland, flagship of the Hinduja Group and the largest supplier of Wheeled Military Vehicles to Indian Army, today, announced a tender win in theTracked Vehicle space.

This tender is for developmental work and marks Ashok Leyland's foray into tracked vehicle business. As per the scope of work, the Company will collaborate with Combat Vehicles Research and Development Establishment (CVRDE), Chennai for manufacture, assembly and testing of light weight clutch for the design and development of weight optimized 1500 hp Automatic Transmission for Main Battle Tanks.

Amandeep Singh, Head, Defence, Ashok Leyland, said, "For over three decades, Ashok Leyland has been a vital part of our Defence forces through our mobility solutions. As part of our strategy to enhance our contribution to our Defence Forces and to expand our business scope within our focus area of 'Solutions for Mobility on Land', we have been working on Tracked Vehicles. With this win, we mark yet another milestone where we start working on the Tracked Vehicles that our soldiers use.

"We see huge potential in repowering and upgrading of existing BMPs/Tanks of the Indian Army. We have the expertise to develop indigenous solutions for power packs and running gear for upgrade of existing lCVs as well as for the new FICVs. We are proud that we are the only vehicle manufacturer in lndia having indigenously designed, developed and manufactured power packs beyond 350 HP. The -' tracked combat vehicle opportunity also exists in several other countries which use Russian made combat vehicles."

Shares of the company gained Rs 0.35, or 0.26%, to trade at Rs 132.45. The total volume of shares traded was 232,215 at the BSE (9.34 a.m., Friday).