JSW Defence and Aerospace would not only supply state-of-the-art equipment to the Indian Armed Forces but also intends to establish itself as a key player at the global stage, JSW Group Makes Foray into Defence Sector; Sets Up New Business For Domestic, Overseas Markets
JSW Gecko Motors Pvt Ltd: Gecko Motors has secured an order worth INR 250 crore from the Ministry of Defence (Army) to manufacture and supply 96 Specialist Mobility Vehicles (SMVs), branded as ATOR N1200.This order is currently under manufacturing at JSW Gecko’s newly set up manufacturing unit in Chandigarh, Punjab, and will be supplied to the Armed Forces by June 2024.
Indian conglomerate JSW Group enters defence sector with new business vertical, JSW Defence, focusing on domestic and overseas markets. JSW Defence aims to supply equipment to Indian Armed Forces, become a global player, and contribute to India s ambition of being a USD 5 billion defence export economy. JSW Defence acquires majority stake in Gecko Motors, renamed as JSW Gecko, and secures Rs 250 crore order from defence ministry for supply of 96 ATOR N1200 specialist mobility vehicles. JSW Group partners with UK-based Copato for joint venture and technology supply license agreement to manufacture specialist mobility vehicles in India.
JSW Group forays into defence sector with acquisition of majority stake in extreme off-road vehicle firm Gecko Motors thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.