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

The company said it has won Rs 940 crore contract to supply 1,239 units of its indigenously developed high mobility multi-axle vehicles (HMVs) from the Army. These orders will be executed over the next two years and are for the 6x6 HMVs with material handling cranes, Tata Motors vice-president for defence and government businesses Vernon S Noronha said.
This contract is the single largest order awarded to a domestic private sector OEM (original equipment manufacturers) in the land systems so far, he told reporters here.

"This Army order is a validation of our strategy and growth potential, for our durable and extensive range of defence 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.