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Tata Motors, is looking to clock nearly around Rs 4,000 crore in sales from the defense segment within three years. Tata Motors are hell bound to exploit the Make in India opportunity and to be in the business as the leader in the automobile industry.

The company's optimism stems from the Modi government's push in to the defense manufacturing segment with greater participation from the private sector, domestic as well as foreign. India imports more than 70% of its defense needs, spending about $100 billion on such purchases annually.

The company has won a Rs 940-crore contract to supply 1,239 units of indigenously developed high mobility multi-axle vehicles (HMVs) to the Army. These orders are for 6x6 HMVs with material handling cranes, which will be executed over the next two years, Tata Motors vice-president for defense and government businesses Vernon S Noronha said.

"This Army order is a validation of our strategy and growth potential, for our durable and extensive range of defense vehicles, designed and developed with our evolving customers, including that of security forces across the world. As leading suppliers of mobility solutions to our security forces, we will shortly commence delivery of these high-mobility vehicles," Noronha said.

By Premji