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Monday, January 13, 2014

HAL pegs price of Tejas fighter at Rs 162 crore

Tejas LCAThe Tejas Mark I will be one of the world's most affordable fighters in its class. Ministry of Defence (MoD) sources tell Business Standard that Hindustan Aeronautics Ltd (HAL) has quoted a price of Rs 162 crore per aircraft for the first 20 Tejas fighters that have begun production in Bangalore. That translates into a dollar price of approximately $26 million a fighter.

This is a fraction of the cost of the comparable Mirage-2000, which was bought relatively cheaply in the 1980s, but is currently being upgraded for Rs 280 crore ($45 million) per fighter.

On December 19, 2011, Defence Minister A K Antony had told Parliament that Thales would get Euro 1.4 billion (Rs 11,830 crore today) for upgrading the Indian Air Force (IAF) fleet of 49 Mirage-2000 fighters, while HAL would get Rs 2,020 crore, i.e., a total of Rs 13,850 crore. Since the upgrade will only be completed by 2021, that cost would rise further if the rupee falls.

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