Business Daily from THE HINDU group of publications Wednesday, Feb 13, 2008 ePaper | Mobile/PDA Version |
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Corporate
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Alliances & Joint Ventures
Our Bureau Mumbai, Feb. 12 Mahindra Defence, a special arm of Mahindra and Mahindra, is in talks with the London-based global defence and aerospace company BAE Systems to form a joint venture to make mine protected vehicles. In a notice to stock exchanges, the parent company Mahindra and Mahindra said that both the companies are in discussion to jointly develop an Indian mine protected vehicle based on BAE Systems’ RG-31 mine protected vehicle. BAE Systems has already supplied 165 mine protected vehicles — Casspir — to the Indian Army since 1999. At this year’s Defence and Naval Exhibition (DEFEXPO), a BAE Systems RG-31 will be on display on the Mahindra Defence stand, the company statement said. When asked about the proposed investment and production volume, a Mahindra spokesperson said it is too early to talk about such details. Nearly 600 RG-31s are in service with the US, Canada, and other forces, including the United Nations. Under the US Department of Defence’s Mine Resistant Ambush Protected (MRAP) programme, 624 RG-31s have been ordered, said the announcement on the BSE posted by Mahindra. “Mahindra Defence Systems is in the business of providing vehicle protection to defence forces,” said Brigadier Khutub Hai, Chief Executive, Mahindra Defence Systems. “Our cooperation with BAE Systems, who are leaders in this field, for joint production of mine protected vehicles is a strategic fit for our vehicle armouring business.” The all-steel, welded armour hull of the RG-31 protects occupants from anti-tank mine detonations. With a modular interior layout the vehicle can be configured as an armoured personal carrier (APC), command vehicle, ambulance, surveillance vehicle and for many other uses. In standard APC configuration, this air-conditioned vehicle carries a crew of 8-10. More Stories on : Alliances & Joint Ventures | HCV/LCV/Tractors | Security | Mahindra & Mahindra Ltd
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