On Wedenesday Belrise Industries share price jumped over 5% as the company enter starteic pact to target the Indian Military Vehicle manufacturing ecosystem. The company has announced an exclusive Teaming and Strategic Agreement with Israel-based defence technology firm Plasan Sasa, marking a significant move in India’s defence manufacturing ecosystem.
The agreement, finalised on December 22, 2025, establishes a three-year framework for technical and business cooperation focused on advanced military mobility solutions for the Indian Armed Forces.
At the heart of the partnership is the All-Terrain Electric Mission Module (ATEMM), a self-propelled electric platform designed to enhance operational payload capacity, mobility, and survivability of modern military vehicles. The collaboration aims to introduce and adapt the ATEMM system to meet the specific operational requirements of the Indian defence sector.
The two companies will jointly pursue opportunities to deploy the ATEMM platform across a wide range of military and paramilitary applications.
Under the agreement, Belrise and Plasan will work together to identify and execute defence tenders issued by the Ministry of Defence (MoD), Public Sector Undertakings (PSUs), and paramilitary forces. A key pillar of the partnership is localisation, in line with the Government of India’s “Make in India” and “Atmanirbhar Bharat” initiatives.
The collaboration will emphasize technology transfer, indigenous manufacturing, and local capability development to support India’s long-term defence self-reliance goals.
Investors tracking the defence sector can explore the latest updates and performance of defence stocks in India
as the industry continues to attract strong interest.
Beyond domestic defence opportunities, the agreement positions Belrise Industries as a strategic supplier of sub-systems and complete systems for Plasan Sasa’s global supply chain. This integration will enable cost-efficient production in India to support Plasan’s worldwide operations.
The partnership also includes joint efforts in technical development, manufacturing processes, and capability building, strengthening India’s role in global defence manufacturing networks.
The strategic agreement is valid for an initial period of three years and will be reviewed annually based on mutually agreed Key Performance Indicators (KPIs). There is no upfront financial consideration involved, with progress linked to milestone-based execution.
Belrise Industries stated that the agreement was entered into in the ordinary course of business and aligns with its long-term technology and growth objectives.
Belrise Industries is a leading Indian automotive systems manufacturer with 20 manufacturing facilities across India. As of March 2025, the company reported revenues exceeding ₹8,000 crore, with capabilities spanning high-volume manufacturing, advanced engineering, and systems integration.
Plasan Sasa is a global leader in advanced armor and survivability solutions, supplying protection systems for military vehicles and personnel across international defence markets.
Leadership Commentary
"This partnership agreement represents a significant milestone in our journey to bring worldclass defense technologies to India," said Mr. Swastid Badve, Chief of Staff. "By combining Belrise’s manufacturing capabilities with Plasan’s innovation, we are confident in delivering solutions that meet the evolving needs of the Indian Armed Forces."
"We are proud to partner with Belrise Industries, a company that shares our vision for innovation and excellence," added Mr. Gilad Ariav, VP Marketing & Business Development. "Together, we will not only serve India’s defense requirements but also strengthen our global supply chain with cost-effective production from India."
On Wedenesday Belrise Industries share price jumped over 5% as the company enter starteic pact to target the Indian Military Vehicle ecosystem. As of 11:20 a.m., the stock was up by 1.77%, trading at ₹171.23 per share. The stock listed on BSE and NSE on 28 May 2025, and since then it has given 71% returns to its investors.
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