Allison Transmission and Larsen and Toubro Partner to Provide 3040 MX Propulsion Solution for Indian Army FICV Prototype

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Allison Transmission ($NYSE:ALSN), a leading global provider of commercial-duty automatic transmissions, and Larsen and Toubro (L&T), India’s largest engineering and construction firm, have partnered to provide a 3040 MX propulsion solution for the Indian Army’s Futuristic Infantry Combat Vehicle (FICV) prototype. This partnership will involve engineering design, development, testing, fabrication, and demonstration of the 3040 MX model through 2024. The Indian Army is planning to acquire up to 1,750 FICVs in the next two decades. With its innovative designs, top-notch engineering and world-class manufacturing capabilities, Allison Transmission is the go-to choice for many customers who require the highest levels of performance and reliability. The partnership with L&T brings together two leaders in their respective industries. L&T has been an important contributor to India’s defense sector for over seven decades, providing cutting-edge systems and solutions for the Indian Armed Forces. The company is also renowned for its stringent quality control and reliability standards. Allison Transmission and L&T’s collaboration marks an important milestone in the Indian Army’s plan to acquire 1,750 FICVs in the next two decades. With the 3040 MX model, they are confident of delivering a reliable, efficient and powerful propulsion solution to meet the requirements of the Indian Armed Forces.

In addition, this partnership is likely to open up new opportunities for both companies in the Indian defense market as well as abroad.

Share Price

Despite the news, the stock opened at $43.4 and closed at $42.7, down by 0.8% from the prior closing price of 43.0. This move by Allison is expected to increase its visibility in the Indian market, as well as provide it with a competitive edge against its rivals in the global market.

However, despite the potential benefits of this development, investors have been largely cautious due to the current negative sentiment surrounding Allison. The company has been facing significant challenges in recent months due to the coronavirus pandemic, which has limited its ability to generate revenue.

Additionally, the company has been facing increasing pressure from competitors, particularly in the global market where it faces stiff competition from other transmission manufacturers. In conclusion, the news of Allison’s partnership with Larsen and Toubro is a positive development for the company and its investors. However, given the current negative sentiment surrounding the stock and its inability to generate significant revenue due to the pandemic, investors are likely to remain cautious in the near term. Live Quote…

About the Company

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VI Analysis

ALLISON TRANSMISSION is classified as ‘rhino’ according to the VI Star Chart, meaning that it has achieved moderate revenue or earnings growth. Investors interested in such a company are likely to be seeking a steady source of income, as ALLISON TRANSMISSION has a strong dividend and profitability. Its growth is medium, but its asset is weak. Despite this, it has a high health score of 8/10 due to its cashflows and debt, making it capable to sustain future operations in times of crisis. The company’s fundamentals are essential for understanding its long term potential, which can be easily analysed with the VI app. This analysis covers all aspects of the company, providing a comprehensive overview that can help investors decide whether or not to invest. The app also provides comparison features, enabling users to compare different companies and decide which one is the best fit for their needs. This makes the process of finding the right investment easier and more efficient. More…

VI Peers

With headquarters in Indianapolis, Indiana, Allison Transmission has approximately 2,700 employees and over 70 facilities worldwide. The company’s products are used in a variety of applications, including on-highway trucks (light-, medium- and heavy-duty), buses, motor homes, off-highway vehicles and equipment (construction, agricultural and mining), and military vehicles. Allison Transmission also has a growing global customer base in the energy sector, including gas compression and renewable energy (wind and solar). The company’s primary competitors are XL Fleet Corp, Tata Motors Ltd, Electrameccanica Vehicles Corp Ltd.

– XL Fleet Corp ($NYSE:XL)

Founded in 2001, Fleet Corp is a provider of enterprise software solutions. The company’s products are used by organizations in a variety of industries for asset management, compliance, and tracking purposes. Fleet Corp has a market cap of 111.42M as of 2022 and a return on equity of -9.42%. The company’s products are used by organizations in a variety of industries for asset management, compliance, and tracking purposes.

– Tata Motors Ltd ($NYSE:TTM)

Tata Motors Ltd. is an Indian multinational automotive manufacturing company headquartered in Mumbai, Maharashtra, India. Part of the Tata Group, it was formerly known as Tata Engineering and Locomotive Company (TELCO). Its products include passenger cars, trucks, vans, coaches, buses, construction equipment and military vehicles. It has assembly and manufacturing plants in Jamshedpur, Lucknow, Pantnagar, Guwahati, Dharwad, Sanand, Pune and Dhenkanal.

– Electrameccanica Vehicles Corp Ltd ($NASDAQ:SOLO)

Electrameccanica Vehicles Corp Ltd is a Canadian electric vehicle manufacturer based in Vancouver, British Columbia. The company’s first product is the Solo, a single-seat electric vehicle designed for commuting and errands. The Solo uses a 20 kWh lithium-ion battery and has a range of 160 km (100 mi). It is capable of reaching speeds of up to 130 km/h (81 mph).

Summary

Allison Transmission, a global leader in the manufacture and supply of commercial-duty automatic transmissions and hybrid propulsion systems, has recently partnered with Larsen and Toubro to provide 3040 MX Propulsion Solution for Indian Army FICV Prototype. This partnership is expected to further strengthen Allison’s presence in the defense and military markets. From an investment perspective, Allison is well-positioned for growth given its strong market presence and global reach. Overall, the company’s strong fundamentals make it an attractive investment option for investors looking for long-term value.