Belrise Industries, a prominent Indian automotive systems manufacturer, has entered into a strategic agreement with Plasan Sasa, a global leader in advanced armour and survivability solutions, to explore opportunities in the Indian military market.
The agreement, signed on December 18, 2025, is set for a 3-year term, subject to annual performance evaluations based on mutually agreed Key Performance Indicators (KPIs).
It establishes a framework for cooperation and exclusivity in identifying and executing business opportunities, including tenders from the Ministry of Defence, Public Sector Undertakings, and paramilitary forces.
The collaboration aims to enhance technical development and capability building, positioning Belrise as a prime source for Plasan's global supply chain. Additionally, the partnership seeks to strengthen Plasan's presence in India, focusing on the ATEMM platform.
The ATEMM (All-Terrain Electric Mission Module) is a cutting-edge self-propelled electric platform designed to enhance operational payload, energy, survivability, and mobility for modern armed forces. Belrise and Plasan aim to deliver mission-ready solutions tailored to the Indian defence sector's requirements.
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This collaboration aligns with the Government of India's Make in India and Atmanirbhar Bharat initiatives, ensuring localised production and technology transfer. Beyond the Indian market, Belrise will integrate into Plasan's global supply chain, facilitating cost-effective production of advanced systems in India.
Belrise Industries is a leading Indian automotive systems manufacturer with a diverse portfolio, including safety-critical systems and advanced engineering solutions. With 20 manufacturing facilities across India, the company reported revenues exceeding ₹8,000 crore in March 2025.
Plasan Sasa is renowned for its survivability and armour solutions, providing advanced protection systems for military vehicles and personnel worldwide.
As of December 23, 2025, at 9:16 AM, Belrise Industries share price on NSE was trading at ₹167.23 up by 5.60% from the previous closing price.
The strategic agreement between Belrise Industries and Plasan Sasa marks a significant step in enhancing India's military capabilities. By combining their expertise, the companies aim to deliver innovative solutions to meet the evolving needs of the Indian Armed Forces.
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Published on: Dec 23, 2025, 11:27 AM IST
Team Angel One
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