The Indian Defence Ministry will soon award a $10bn contract for the supply of futuristic infantry combat vehicles (FICVs) for the Indian Army.

Tata Motors, Mahindra & Mahindra (M&M), Ashok Leyland (ALL), Larsen & Toubro (L&T) and Bharat Forge have already submitted their bids for the contract.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The Financial Express has reported that the ministry will shortlist two vendors and finalise the winning firms by the end of this month.

The order to build 70% of the vehicle will be awarded only to Indian firms, with options for technology tie-ups with foreign companies.

The FICV is expected to be half-tracked and half-wheeled designed to move infantrymen to the battlefield to follow up after tanks and capture combat areas.

The Indian Army requires 2,610 FICVs as the existing Sarath BMP-II combat vehicles will be phased out from 2017.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Army Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Army Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact across the defence sector.

Excellence in Action
Virtualitics has clinched both the Innovation and Business Expansion awards for its Integrated Readiness Optimization (IRO) AI suite, transforming maintenance, sustainment and operational decision-making across the US DoD. Discover how explainable AI and predictive insights are redefining mission readiness, risk management and joint-force efficiency.

Discover the Impact