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Tata Motors aims to double defence revenues over next 3 years

On Friday, a company official said that Tata Motors is planning to double the revenue from its defence business over the next three years to $600 million.

The company said that it has won an order from the Indian Army worth about Rs 900 crore for over 1,200 multi-axle vehicles for loading and unloading ammunition.

The Vice-President, Defence & Government Business Vernon Noronha said, the company has a defence order book for about Rs 1,500 crore and it would compete for 700 light armoured multi-roll vehicles and 100 wheeled armoured personnel carriers that the military has said it wants to procure.

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