MoD Signs NAMIS and Vehicle Supply Contracts With Force Motors and Mahindra & Mahindra Worth ₹2,500 Crores

The Ministry of Defence has signed contracts worth ₹2,500 crore for the procurement of tracked anti-tank weapon platforms and approximately 5,000 light vehicles for the Indian Armed Forces. These agreements were signed in New Delhi on March 27, 2025, in the presence of Defence Secretary Rajesh Kumar Singh.

₹1,801 Cr Contract for NAMIS (Tracked) Weapon System

A major portion of the total contract value – ₹1,801.34 crore. has been allocated to the procurement of the Nag Missile System (NAMIS) tracked version. The contract has been signed with Armoured Vehicle Nigam Limited (AVNL).

The NAMIS (Tr) system has been developed by the Defence Research and Development Laboratory (DRDL) of DRDO. It is an anti-tank weapon platform equipped with fire-and-forget missile technology and a sighting system. It is intended to improve the anti-tank capacity of the Indian Army’s Mechanised Infantry and support operations in a range of conditions.

Procurement of 5,000 Light Vehicles

In addition to the NAMIS contract, the Ministry has also signed agreements with Force Motors Ltd and Mahindra & Mahindra Ltd for the supply of approximately 5,000 light vehicles.

These vehicles are equipped with upgraded engine power and a payload capacity of 800 kg. They are to provide mobility support to the Armed Forces across varied terrains and operational requirements.

As of 11:28 AM on March 28, Mahindra & Mahindra Ltd share price was trading at ₹2,652.60, down 2.94% or ₹80.40, while Force Motors share price was trading at ₹9,024.40, up 2.69% or ₹236.35.

Category and Manufacturing

Both contracts fall under the Buy (Indian–Indigenously Designed, Developed, and Manufactured) category. The procurement is in line with current efforts to source more defence equipment from domestic manufacturers.

The contracts are to support local manufacturing and involve supply chains that include small and medium enterprises. This may lead to direct and indirect employment generation through the production of components and vehicle parts, as per the reports.

Conclusion

The contracts mark the continued procurement of equipment for the Armed Forces, focusing on mobility and anti-tank capabilities using platforms developed and produced within India.

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