(The Arjun Mark II, an upgraded version of the Mark I pictured here, will roll out by 2015, says Antony.
Answering a question in parliament today, Defence Minister AK Antony put the price of the Arjun Mk II at Rs 37 crore per tank. The Arjun Mk I had been produced by Heavy Vehicles Factory, Avadi for about Rs 16-18 crore per tank.
The official release about Antony's answer in parliament today to a question on the price of the Arjun is attached below
Limited technical trials with some major and minor improvements on Main Battle Tank (MBT) Arjun Mark-I, as part of MBT Arjun Mark-II, have been carried out by the Defence Research and Development Organisation (DRDO) in the deserts of Rajasthan.
Defence Acquisition Council (DAC) has cleared the proposal for placement of indent for 124 Nos. of MBT Arjun Mark-II on Heavy Vehicles Factory (HVF), Avadi, Chennai. Placement of indent by the Army on Ordnance Factory Board (OFB) is being further processed.
The likely estimated cost of each MBT Arjun Mark-II with ail major/minor improvements will be approximately Rs.37 crore.
The first batch of MBT Arjun Mark-II is likely to be productionised by 2015.
This information was given by Defence Minister Shri AK Antony in a written reply to Shri Naveen Jindal in Lok Sabha today.