Mahindra Defence Systems Limited (MDS), a subsidiary of Mahindra and Mahindra has received a contract from the Ministry of Defence (MoD) for manufacturing Armoured Tactical Vehicles (LSV) for the Indian Army for their recce and weapon carrier requirements. Competitive bids were invited by MoD from several Indian Companies and the test vehicles were put through the rigorous and elaborate trial procedure in different terrains including high altitude, deserts, and plains.
Mahindra states that LSV has been designed and developed by MDS keeping in mind the exact standards and requirement of the Indian Army. The contract is worth Rs 1,056 crore and the vehicles are slated to be introduced in a span of four years commencing from 2021...MORE
