Tata Motors & Bharat Forge tie up for $11-bn defence bid – Feedback

Tata Motors, Bharat Forge and General Dynamics have forged an alliance to bid for the $11 billion (Rs 78,000 crore) project of making combat infantry vehicles for the Indian Army under the Future Infantry Combat Vehicle (FICV) Programme. Responding to a query, Tata Motors said: “We confirm partnering with Bharat Forge for local manufacturing of guns, ammunition and such other elements of fire power that form part of the FICV Programme.”

With two of the front runners, Tata Motors and Bharat Forge, joining hands, the number of total bidders has come down to nine from 10. The alliance now stands higher chances of making it to the final three prototype manufacturers, bids for which were given on Monday, according to a senior Bharat Forge executive.

http://www.business-standard.com/article/companies/tata-motors-bharat-forge-tie-up-for-11-bn-defence-bid-116021700005_1.html

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