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INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a number one designer and producer of typical and electrified automobile propulsion options for tactical wheeled and tracked protection automobiles, and medium- and heavy-duty industrial automobiles, is proud to work with Larsen and Toubro (L&T) Ltd., to supply the Allison 3040 MXTM propulsion resolution for the Indian Army’s Futuristic Infantry Combat Vehicle (FICV) prototype.
Allison will handle engineering design, improvement, fabrication, testing and demonstration of the 3040 MX for the FICV prototype automobiles by means of 2024. The Indian Army intends to acquire roughly 1,750 FICVs over the following twenty years.
The FICV is a totally tracked armored automobile consisting of Infantry Fighting Vehicle (IFV), Reconnaissance and Surveillance, and Command and Control variants. It is important to the “Make in India” modernization program, designed to switch India’s fleet of ageing BMP-1 and BMP-2 infantry combating automobiles. Allison’s 3040 MX was developed primarily based on its confirmed X300 propulsion resolution, which has been integral to the European CV90 and Warrior IFV drivetrain options for over 30 years. The 3040 MX is now geared up with superior digital system controls enabling efficiency optimization and extra performance that was not beforehand accessible. Today, the 3040 MX can be discovered within the U.S. Army’s latest tank, the Mobile Protected Firepower Light Tank.
“Allison is exceptionally proud to continue to work with one of India’s foremost defense companies. Allison and L&T have collaborated on repowers of select wheeled and tracked vehicles in the past, and now we’ve partnered on one of India’s premier modernization programs,” mentioned Dana Pittard, Vice President for Defense Programs, Allison. “The FICV is one of several programs that will continue to support Allison’s international defense business over the next several decades and represents our commitment to the Indian defense sector.”
Since 1946, Allison has partnered with protection companions to develop propulsion options that ship within the hardest situations. For fleets which are creating new wheeled or tracked automobiles, Allison can tailor a propulsion resolution particularly for that software. Allison engineers and manufactures dependable and absolutely customizable propulsion options, so prospects expertise lowered downtime and elevated means to perform goals.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is a number one designer and producer of propulsion options for industrial and protection automobiles and the most important world producer of medium- and heavy-duty absolutely automated transmissions that Improve the Way the World Works. Allison merchandise are utilized in all kinds of functions, together with on-highway vehicles (distribution, refuse, development, hearth and emergency), buses (college, transit and coach), motorhomes, off-highway automobiles and gear (power, mining and development functions) and protection automobiles (tactical wheeled and tracked). Founded in 1915, the corporate is headquartered in Indianapolis, Indiana, USA. With a presence in additional than 150 nations, Allison has regional headquarters within the Netherlands, China and Brazil, manufacturing amenities within the USA, Hungary and India, in addition to world engineering assets, together with electrification engineering facilities in Indianapolis, Indiana, Auburn Hills, Michigan and London within the United Kingdom. Allison additionally has greater than 1,400 unbiased distributor and vendor areas worldwide. For extra data, go to allisontransmission.com.
Forward-Looking Statements
This press launch incorporates forward-looking statements. The phrases “believe,” “expect,” “anticipate,” “intend,” “estimate” and different expressions which are predictions of or point out future occasions and developments and that don’t relate to historic issues determine forward-looking statements. You mustn’t place undue reliance on these forward-looking statements. Although forward-looking statements mirror administration’s good religion beliefs, reliance shouldn’t be positioned on forward-looking statements as a result of they contain identified and unknown dangers, uncertainties and different components, which can trigger precise outcomes, efficiency or achievements to vary materially from anticipated future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Forward-looking statements converse solely as of the date the statements are made. We undertake no obligation to publicly replace or revise any forward-looking assertion, whether or not on account of new data, future occasions, modified circumstances or in any other case. These forward-looking statements are topic to quite a few dangers and uncertainties, together with, however not restricted to: will increase in price, disruption of provide or scarcity of labor, freight, uncooked supplies, power or parts used to fabricate or transport our merchandise or these of our prospects or suppliers, together with on account of the warfare in Ukraine and the COVID-19 pandemic; world financial volatility; the length and unfold of the COVID-19 pandemic, together with new variants of the virus and the tempo and availability of vaccines and boosters, mitigating efforts deployed by authorities companies and the general public at giant, and the general impression from such outbreak on financial situations, monetary market volatility and our enterprise, together with however not restricted to the operations of our manufacturing and different amenities, the supply of labor, our provide chain, our distribution processes and demand for our merchandise and the corresponding impacts to our internet gross sales and money circulation; our participation in markets which are aggressive; our means to organize for, reply to and efficiently obtain our goals referring to technological and market developments, aggressive threats and altering buyer wants, together with with respect to electrical hybrid and absolutely electrical industrial automobiles; the extremely cyclical industries wherein sure of our finish customers function; uncertainty within the world regulatory and enterprise environments wherein we function; the focus of our internet gross sales in our prime 5 prospects and the lack of any certainly one of these; the failure of markets exterior North America to extend adoption of absolutely automated transmissions; the success of our analysis and improvement efforts, the result of which is unsure; U.S. and overseas protection spending; dangers related to our worldwide operations, together with acts of warfare and elevated commerce protectionism; normal financial and business situations together with the chance of recession; the invention of defects in our merchandise, leading to delays in new mannequin launches, recall campaigns and/or elevated guarantee prices and discount in future gross sales or injury to our model and status; our means to determine, consummate and successfully combine acquisitions and collaborations; labor strikes, work stoppages or comparable labor disputes, which might considerably disrupt our operations or these of our principal prospects or suppliers; dangers associated to our indebtedness; and different dangers and uncertainties related to our enterprise described in our Annual Report on Form 10-Okay and Quarterly Reports on Form 10-Q. Although we imagine the expectations mirrored in such forward-looking statements are primarily based upon affordable assumptions, we can provide no assurance that the expectations might be attained or that any deviation is not going to be materials. All data is as of the date of this press launch, and we undertake no obligation to replace any forward-looking assertion to adapt the assertion to precise outcomes or adjustments in expectations and dangers associated to our indebtedness.
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