While M&M has always been very buoyant on the success of the private sector companies in the defence manufacturing sector, the company is now getting bullish in its plans for the sector.

Notably, the conglomerate has recently announced a Gulf joint venture for armoring vehicles in order to gain a significant ground in the industry. M&M, along with its subsidiary Mahindra Overseas Investment Company Mauritius Ltd signed an agreement with the Arabia Holdings and Ras Al-Khaimah Transport Investments LLC to create a JV company in the UAE region.

The company has acquired a leadership position in India in the field of vehicle armoring with its subsidiary Mahindra Defence Systems (MDS) division and brings a lot of experience in the field of design in the JV. The company said that the JV will focus on tapping the high potential markets of West and Central Asia as well as Africa and will offer many of the MDS models in the global markets that are already successful in the Indian market.

Keeping in mind that factors like the low cost of manufacturing in the free zone of Ras Al-Khaimah and owing to its proximity to the GCC countries and African and Central Asian countries will not only provide easy access to M&M but will also prove to be very vital for the cost of the model.