SML Isuzu Limited has secured a significant order from the Indian Air Force (IAF) for 114 units of BS VI, 4-Wheel Drive Troop Carriers, valued at Rs. 24.71 crore. This contract, awarded under the Government e-Marketplace (GeM) tender process, is set to be executed between March 11 and July 9, 2025. The order underscores SML Isuzu’s capacity to meet military-grade transportation needs and could enhance its position in the specialized vehicle market. While the company has faced financial challenges, including a 14.07% decline in revenue and an 80.22% drop in net profit in Q3FY25, this contract may positively influence investor sentiment regarding its financial outlook for the fiscal year. Overall, this development reflects the Indian government’s continued focus on domestic defense procurement, bolstering local manufacturers in the defense sector.
