INDIANAPOLIS - Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions for tactical wheeled and tracked defense vehicles, and medium- and heavy-duty commercial vehicles, is proud to work with Larsen and Toubro (L&T) Ltd., to provide the Allison 3040 MXTM propulsion solution for the Indian Army's Futuristic Infantry Combat Vehicle (FICV) prototype.

Allison will manage engineering design, development, fabrication, testing and demonstration of the 3040 MX for the FICV prototype vehicles through 2024. The Indian Army intends to procure approximately 1,750 FICVs over the next two decades.

The FICV is a fully tracked armored vehicle consisting of Infantry Fighting Vehicle (IFV), Reconnaissance and Surveillance, and Command and Control variants. It is essential to the 'Make in India' modernization program, designed to replace India's fleet of aging BMP-1 and BMP-2 infantry fighting vehicles. Allison's 3040 MX was developed based on its proven X300 propulsion solution, 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 that was not previously available. Today, the 3040 MX is also found in the U.S. Army's newest 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,' said 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 defense partners to develop propulsion solutions that deliver in the toughest conditions. For fleets that are developing new wheeled or tracked vehicles, Allison can tailor a propulsion solution specifically for that application. Allison engineers and manufactures reliable and fully customizable propulsion solutions, so customers experience reduced downtime and increased ability to accomplish objectives.

Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) 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 more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

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Contact:

ALLISON GLOBAL HEADQUARTERS

One Allison Way

Indianapolis, IN 46222-3271

United States of America

Tel: +1 (317) 242-5000

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