<p>Paramount already has a joint assembly plant in Azerbaiian.<br />Leyland and Paramount inked a deal at Defexpo 2010 in New Delhi last week.<br />The terms of agreement says the two companies will manufacture mine-protected armoured vehicles at a joint plant to be constructed in India, an African daily reported quoting an unnamed Paramount spokesman.<br />Ashok Leyland will invest more than USD 10m in the plant over the next year before the first vehicle comes off the line.<br />"Initially basic components manufactured in South Africa would be used to assemble the vehicles in India before the production line there starts making all components," the report said.<br />The new vehicle, dubbed Stallion, will combine the specification of two Paramount mine-resistant vehicles, the Marauder and the Matador, with the Ashok Leyland's basic four-wheel drive military vehicles.<br />Paramount is one of South Africa's leading defence systems contractors, providing defence, peace-keeping and internal security solutions to government agencies worldwide.</p>
<p>Paramount already has a joint assembly plant in Azerbaiian.<br />Leyland and Paramount inked a deal at Defexpo 2010 in New Delhi last week.<br />The terms of agreement says the two companies will manufacture mine-protected armoured vehicles at a joint plant to be constructed in India, an African daily reported quoting an unnamed Paramount spokesman.<br />Ashok Leyland will invest more than USD 10m in the plant over the next year before the first vehicle comes off the line.<br />"Initially basic components manufactured in South Africa would be used to assemble the vehicles in India before the production line there starts making all components," the report said.<br />The new vehicle, dubbed Stallion, will combine the specification of two Paramount mine-resistant vehicles, the Marauder and the Matador, with the Ashok Leyland's basic four-wheel drive military vehicles.<br />Paramount is one of South Africa's leading defence systems contractors, providing defence, peace-keeping and internal security solutions to government agencies worldwide.</p>