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All Three Indian Government-Funded OEMs Choose Allison Transmission for India's FICV Program

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Allison Transmission has been chosen to supply its 3040 MX cross-drive transmission for all three Government-funded OEMs participating in India's Future Infantry Combat Vehicle (FICV) program. The program aims to replace the Indian Army's aging BMP-II Infantry Fighting Vehicles with modern, domestically manufactured combat vehicles.

With India planning to procure approximately 1,750 FICVs, the potential revenue opportunity for Allison could reach several hundred million dollars over the next two decades. The company's Chennai manufacturing facility, established 15 years ago, is set to double its footprint as announced in 2024, aligning with India's 'Make in India' initiative.

The 3040 MX transmission, built on the X300 transmission's foundation, features advanced electronic system controls for improved shifting, torque management, and obsolescence management. It is currently used in the U.S. Army's M10 Booker tank.

Allison Transmission è stata scelta per fornire la sua trasmissione 3040 MX cross-drive a tutti e tre i produttori OEM finanziati dal Governo che partecipano al programma Future Infantry Combat Vehicle (FICV) dell'India. Il programma ha l'obiettivo di sostituire i vecchi veicoli da combattimento di fanteria BMP-II dell'esercito indiano con veicoli da combattimento moderni e prodotti localmente.

Con l'India che prevede di acquistare circa 1.750 FICV, l'opportunità di fatturato per Allison potrebbe raggiungere diverse centinaia di milioni di dollari nei prossimi due decenni. Lo stabilimento produttivo dell'azienda a Chennai, fondato 15 anni fa, è destinato a raddoppiare la sua capacità come annunciato nel 2024, in linea con l'iniziativa 'Make in India'.

La trasmissione 3040 MX, basata sulla trasmissione X300, dispone di avanzati sistemi elettronici di controllo per migliorare il cambio, la gestione della coppia e l'aggiornamento tecnologico. Attualmente è impiegata nel carro armato M10 Booker dell'esercito statunitense.

Allison Transmission ha sido seleccionada para suministrar su transmisión 3040 MX cross-drive a los tres fabricantes OEM financiados por el Gobierno que participan en el programa Future Infantry Combat Vehicle (FICV) de India. El programa busca reemplazar los envejecidos vehículos de combate de infantería BMP-II del ejército indio con vehículos de combate modernos fabricados localmente.

Con India planeando adquirir aproximadamente 1,750 FICV, la oportunidad de ingresos para Allison podría alcanzar varios cientos de millones de dólares en las próximas dos décadas. La planta de fabricación de la empresa en Chennai, establecida hace 15 años, está lista para duplicar su tamaño según lo anunciado en 2024, alineándose con la iniciativa 'Make in India'.

La transmisión 3040 MX, construida sobre la base de la transmisión X300, cuenta con avanzados controles electrónicos para mejorar los cambios, la gestión del torque y la gestión de la obsolescencia. Actualmente se utiliza en el tanque M10 Booker del Ejército de EE.UU.

앨리슨 트랜스미션은 인도의 미래 보병 전투 차량(FICV) 프로그램에 참여하는 정부 지원 OEM 세 곳 모두에 3040 MX 크로스 드라이브 변속기를 공급하기로 선정되었습니다. 이 프로그램은 인도 육군의 노후된 BMP-II 보병 전투 차량을 현대적이고 국내에서 제조된 전투 차량으로 교체하는 것을 목표로 합니다.

인도가 약 1,750대의 FICV를 구매할 계획임에 따라, 앨리슨에게는 향후 20년 동안 수억 달러에 달하는 매출 기회가 예상됩니다. 15년 전에 설립된 첸나이 제조 시설은 2024년에 발표된 바와 같이 'Make in India' 이니셔티브에 맞춰 생산 규모를 두 배로 확대할 예정입니다.

3040 MX 변속기는 X300 변속기를 기반으로 하며, 향상된 변속, 토크 관리 및 구형 부품 관리 기능을 위한 첨단 전자 시스템 제어를 특징으로 합니다. 현재 미 육군의 M10 부커 전차에 사용되고 있습니다.

Allison Transmission a été choisie pour fournir sa transmission 3040 MX cross-drive à l'ensemble des trois fabricants OEM financés par le gouvernement participant au programme Future Infantry Combat Vehicle (FICV) de l'Inde. Ce programme vise à remplacer les véhicules de combat d'infanterie BMP-II vieillissants de l'armée indienne par des véhicules de combat modernes fabriqués localement.

Avec l'Inde prévoyant d'acquérir environ 1 750 FICV, l'opportunité de revenus pour Allison pourrait atteindre plusieurs centaines de millions de dollars au cours des deux prochaines décennies. L'usine de fabrication de l'entreprise à Chennai, créée il y a 15 ans, est prête à doubler sa capacité comme annoncé en 2024, en accord avec l'initiative 'Make in India'.

La transmission 3040 MX, construite sur la base de la transmission X300, est équipée de systèmes électroniques avancés pour améliorer le passage des vitesses, la gestion du couple et la gestion de l'obsolescence. Elle est actuellement utilisée dans le char M10 Booker de l'armée américaine.

Allison Transmission wurde ausgewählt, um seine 3040 MX Cross-Drive-Getriebe an alle drei staatlich geförderten OEMs zu liefern, die am Future Infantry Combat Vehicle (FICV) Programm Indiens teilnehmen. Das Programm zielt darauf ab, die veralteten BMP-II Schützenpanzer der indischen Armee durch moderne, im Inland hergestellte Kampffahrzeuge zu ersetzen.

Da Indien plant, etwa 1.750 FICVs zu beschaffen, könnte sich für Allison eine Umsatzchance von mehreren hundert Millionen Dollar über die nächsten zwei Jahrzehnte ergeben. Die Produktionsstätte des Unternehmens in Chennai, die vor 15 Jahren gegründet wurde, soll ihre Kapazität wie 2024 angekündigt verdoppeln und steht im Einklang mit der 'Make in India'-Initiative.

Das 3040 MX Getriebe, basierend auf dem X300 Getriebe, verfügt über fortschrittliche elektronische Systemsteuerungen zur Verbesserung des Schaltvorgangs, des Drehmomentmanagements und der Obsoleszenzverwaltung. Es wird derzeit im M10 Booker Panzer der US-Armee eingesetzt.

Positive
  • Selected as exclusive transmission supplier for all three OEMs in India's FICV program
  • Potential revenue opportunity of several hundred million dollars over 20 years
  • Planned manufacturing expansion in Chennai aligns with 'Make in India' initiative
  • Contract for approximately 1,750 vehicles demonstrates significant market penetration
Negative
  • Revenue realization spread over an extended period (two decades)
  • Project success dependent on government procurement decisions

Insights

Allison Transmission secures exclusive role in major Indian Army program, opening lucrative, long-term revenue and strategic growth opportunities.

Allison Transmission has achieved a rare trifecta by being selected as the exclusive transmission supplier by all three government-backed OEMs for India's Future Infantry Combat Vehicle (FICV) program. This program seeks to modernize the Indian Army, with an estimated procurement of around 1,750 vehicles. The article quantifies the revenue opportunity as several hundred million dollars over two decades. The fact that all competing Indian OEMs independently chose Allison speaks to the product's technical leadership and entrenched defense reputation, giving the company both an immediate credibility boost and a probable recurring revenue stream. This selection fortifies Allison's presence in a strategically important market, further reinforced by its longstanding Chennai manufacturing footprint and expansion plans aligned with India's "Make in India" policy. The visibility of the 3040 MX transmission, used in other leading Western military vehicles, could enhance Allison's global defense brand, potentially opening doors to further contracts. From a risk perspective, while prototype success does not guarantee full production, being embedded across all contenders substantially de-risks Allison's exposure to the outcome, creating an unusually strong position in the competitive defense procurement landscape. This win is significant both financially and strategically.

INDIANAPOLIS, April 23, 2025 /PRNewswire/ -- Allison Transmission, the world's largest manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, has been selected to provide its 3040 MX cross-drive transmission for all three Government-funded original equipment manufacturers (OEMs) competing in India's Future Infantry Combat Vehicle (FICV) prototype program. The FICV program aims to modernize the Indian Army's fleet by replacing the aging BMP-II Infantry Fighting Vehicles (IFVs) with advanced, domestically manufactured combat vehicles.

Allison has worked with each of the OEMs to integrate and optimize the 3040 MX for their FICV prototype vehicles. With India's intention to procure approximately 1,750 FICVs, the total revenue opportunity for Allison could represent several hundred million dollars over the next two decades.

"Being selected by all three of the Government-funded OEMs competing in the FICV program is a testament to the superior durability, reliability and performance of our 3040 MX transmission," said Dana Pittard, Vice President for Defense Programs at Allison Transmission. "This selection not only aligns with the strategic goals of the Indian defense sector but also underscores our commitment to supporting low volume/prototype programs with high reliability, superior engineering and technical support, and powerful performance."

Allison has maintained a manufacturing facility in Chennai for 15 years and announced in 2024 its plan to double its manufacturing footprint. This aligns with the Indian Government's "Make in India" initiative and further strengthens Allison's presence in the Indian defense sector.

The 3040 MX transmission, renowned for its reliability and electronic system controls, significantly enhances the performance and functionality of the FICV prototype vehicles. It was built on the proven quality and durability of the X300 transmission, which has been integral to the European CV90 and Warrior IFV drivetrain solutions for over 30 years. The 3040 MX is now equipped with advanced electronic system controls enabling performance optimization and additional functionality in the areas of improved shifting, improved torque management and obsolescence management as new generations of controls become available. Today, the 3040 MX is also found in the U.S. Army's newest tank, the M10 Booker, previously known as the Mobile Protected Firepower (MPF) Light Tank.

About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway vehicles (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining, construction and agriculture) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has approximately 1,600 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com. 

Forward-Looking Statements
This press release contains forward-looking statements. The words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Although forward-looking statements reflect management's good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date the statements are made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with respect to electric hybrid and fully electric commercial vehicles; increases in cost, disruption of supply or shortage of labor, freight, raw materials, energy or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of geopolitical risks, wars and pandemics; global economic volatility; general economic and industry conditions, including the risk of recession; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; the highly cyclical industries in which certain of our end users operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these; the failure of markets outside North America to increase adoption of fully automatic transmissions; the success of our research and development efforts, the outcome of which is uncertain; U.S. and foreign defense spending; risks associated with our international operations, including acts of war and increased trade protectionism; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to identify, consummate and effectively integrate acquisitions and collaborations; and risks related to our indebtedness.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/all-three-indian-government-funded-oems-choose-allison-transmission-for-indias-ficv-program-302436344.html

SOURCE Allison Transmission, Inc.

FAQ

What is the potential revenue opportunity for Allison Transmission (ALSN) from India's FICV program?

The program could generate several hundred million dollars in revenue for Allison over the next two decades, based on India's intention to procure approximately 1,750 FICVs.

How many OEMs selected Allison's 3040 MX transmission for India's FICV program?

All three Indian government-funded OEMs participating in the FICV program selected Allison's 3040 MX cross-drive transmission.

What are the key features of Allison's 3040 MX transmission for the FICV program?

The 3040 MX features advanced electronic system controls for improved shifting, enhanced torque management, and obsolescence management capabilities.

How does the FICV contract align with Allison's expansion in India?

Allison announced plans in 2024 to double its Chennai manufacturing footprint, aligning with India's 'Make in India' initiative and strengthening its presence in the Indian defense sector.

Which other military vehicles currently use Allison's 3040 MX transmission?

The 3040 MX transmission is currently used in the U.S. Army's M10 Booker tank (formerly known as the Mobile Protected Firepower Light Tank).
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