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.
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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.
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