SML ISUZU Secures New Order for 114 Troop Carriers from Indian Air Force

Key Highlights:

• SML ISUZU secured a ₹24.71 crore order from the Indian Air Force.
• The order was awarded through a Government e-Marketplace (GeM) tender process.
• The troop carriers will be delivered between March 11 and July 9, 2025.
• The contract has no connections with promoters or group companies.
• The order strengthens SML ISUZU's position in the defense procurement sector.

SML ISUZU Limited has secured an order from the Indian Air Force (IAF) for BS VI, 4-Wheel Drive Troop Carriers. The company announced on March 12, 2025, that the contract is worth ₹24.71 crores for 114 units. According to the contract, SML ISUZU will deliver troop carriers with a 20-seat capacity between March 11 and July 9, 2025. The order was granted by the Department of Military Affairs under the Ministry of Defence through a standard Government e-Marketplace (GeM) tender process. 

This development marks a significant achievement for SML ISUZU in the defense procurement sector, highlighting the company's ability to meet military-grade transportation needs. The order could strengthen the company's position in the specialized vehicle segment. The company also confirmed in its regulatory filing that the contract does not involve any related party transactions, and none of its promoters or group companies have any connection with the awarding entity. ​

SML ISUZU, listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) with scrip codes 505192 and SMLISUZU, respectively, made this disclosure in line with SEBI regulations on material business developments. The company's shares may experience movement following this announcement as investors assess the potential impact of the government contract on SML ISUZU's financial outlook for the fiscal year.

Also Read: Bharat Mobility Global Expo 2025: SML Isuzu Showcases Electric bus, tipper truck and Ambulance

About SML ISUZU Ltd.

SML ISUZU LIMITED was founded in July 1983 as Swaraj Vehicles Limited to produce Light Commercial Vehicles (LCVs) in Punjab. The company was set up as part of a Government of India initiative to reduce fuel consumption in the economy. The Punjab State Industrial Development Corporation (PSIDC) received the letter of intent in 1981 and transferred it to the company in 1983.

The project aimed to innovate not just in product and production technology, but also in creating a new culture and value system within the organization, positioning it for success in competitive markets. This philosophy guides both the physical facilities and the people side of the company's development.

CMV360 Says

The order from the Indian Air Force shows that SML ISUZU meet military-grade requirements. It could help the company grow its presence in the defense sector and strengthen its position in the specialized vehicle market.