Quite a valid concern @ChotuKatappa
I was going through their FY2023 Annual report and noticed the following updates relating to engineered products:
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Progress on the armoured vehicle: The project had slowed down since Ford exited India and now they are in advanced discussions with Ford USA to support on the production of the vehicles. Further, they’ll are engaging with Israeli armored vehicle specialist company, GAIA Automotive to work on the design. They have also started process of registering the new vehicle with ARAI, Pune for Type Certification
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Anti Drone: Signed a MOU with Skylock, Isreal (part of Avnon Group) another Israeli company for partnership to make Counter Drone Systems in India. DCM will have the exclusive rights for manufacturing and marketing their systems in India. They are also saying that a definitive agreement with Police and Defence forces is in the pipeline
Disc: Invested since levels of 72
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