DefExpo 2018: Ashok Leyland targets Rs 50 billion from defence business

The company is gearing up to develop solutions for around 20% of the Army's expenditure

Commercial vehicle major Ashok Leyland aims to target around Rs 50 billion from defence business, against Rs 8 billion at present.

The company, which caters to the mobility needs of the Indian Army, said that revenue from defence almost doubled from Rs 4 billion over the past two years.

Speaking to Business Standard at the Defexpo 2018, Amandeep Singh, Head (Defence), Ashok Leyland, said that earlier the company was able to participate only in 1-2 per cent of the total Army’s capital outlay which increased to 5 per cent now.

He claims that in the space which it is catering