HAL Faces Growing Competition in Home Market


As the Indian aerospace and defense manufacturing ecosystem slowly moves towards the “Make in India” initiative along with policy changes to support it, the landscape is likely to prove challenging to government-owned manufacturers such as Hindustan Aeronautics Ltd (HAL, Chalet K7).

Private industry is bringing competition and manufacturing capabilities are being enhanced, presenting growth opportunities for Indian defense manufactures such as Tata Group, Mahindra Defense Systems, Dynamatic Technologies, and Larsen & Toubro.

HAL continues to be the market leader as India relies on imports to meet 70 percent of its defense requirements, with the remaining 30 percent met by domestic companies. Although India has sought to diversify its procurement sources, with a recent focus on the U.S., Russia continues to dominate Indian defense equipment spares imports, given that around 65 percent of its defense equipment is Russian (and maintained by HAL).

According to HAL’s recent annual report, “Combat aircraft [and] helicopters in the light and medium weight categories offer excellent opportunities in the near future.  Read More

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