logo
Tejas Mk-1A jet delivery deadline missed again: Here's how timeline unfolded

Tejas Mk-1A jet delivery deadline missed again: Here's how timeline unfolded

India Today3 days ago

Amid growing concerns over delays in India's indigenous fighter jet programme, Air Chief Marshal Amar Preet Singh on Thursday urged the defence industry not to make promises it cannot deliver on time. Speaking at the Confederation of Indian Industry's Annual Business Summit 2025, the Air Force chief underscored that "timeline is a big issue" — a sharp reminder of the Indian Air Force's mounting frustration with Hindustan Aeronautics Limited (HAL) over the delayed delivery of Tejas Mk-1A fighter jets.advertisementNearly three months ago, the IAF chief had publicly voiced concern about the slippage in deadlines. On paper, HAL was to deliver the first of 83 LCA Mk-1A jets by March 31, 2024, under a Rs 48,000 crore deal signed in February 2021. That did not happen.A STALLED TIMELINEThe Tejas Mk-1A — a more advanced variant of the LCA Mk-1 — has faced persistent delays, largely due to late engine deliveries from GE Aerospace and protracted certification processes. The first F404-IN20 engine for the Mk-1A aircraft was delivered only in March 2025, nearly two years behind schedule.
The delivery, part of a USD 716 million contract for 99 engines, was hailed as a 'milestone' by GE Aerospace's Combat & Trainer Engines General Manager Shawn Warren, who said it would "ensure a strong future for India's military". But for HAL, it was only the beginning of a race to recover lost time.PRODUCTION PUSH AFTER ENGINE BOTTLENECKSadvertisementFollowing the arrival of the long-awaited engines, HAL has ramped up its production capacity by restructuring its Bengaluru facility and adding a parallel assembly line. The goal now is to deliver at least 16 Tejas Mk-1A jets annually, aiming to complete the 83-aircraft order by 2028.HAL Chairman Dr DK Sunil had earlier assured that with engine supplies stabilising, the production of Mk-1A jets would gather pace. "We have now promised that we will have all the Mk-1A structures ready. Once the engines are available, the Mk-1As will start rolling out," he said at Aero India 2025.NEW ORDERS IN PIPELINEDespite the initial hiccups, the IAF is gearing up to place a follow-on order for 97 more Mk-1A aircraft, estimated at Rs 67,000 crore, which would bring the total fleet size to 180. In parallel, a mega Rs 1.3 lakh crore deal for 156 Light Combat Helicopters (LCHs) for both the IAF and Indian Army is expected to be finalised within the next six months.HAL has committed to delivering all 180 Tejas Mk-1A fighters by 2031, with a consolidated production capacity of 16 to 24 aircraft annually beginning 2025-26.The delays come at a time when the IAF is retiring ageing aircraft like the MiG-21, MiG-27, and Jaguars, leaving its squadron strength critically depleted. Without the timely induction of Tejas Mk-1A, the gap between required and available fighters continues to widen — raising serious questions about India's aerial combat preparedness.EMPOWERMENT PANEL FORMEDadvertisementTo address these systemic delays, the Ministry of Defence had constituted a five-member Defence Empowerment Committee led by Defence Secretary Rajesh Kumar Singh. The committee recommended a slew of short, medium, and long-term solutions — including involving private players in the LCA production chain.Private companies are now contributing critical components such as fuselages. Alpha Tocol Engineering Services Pvt Ltd recently handed over the first rear fuselage of the Mk-1A to HAL, with more scheduled to follow. Deliveries of the aircraft will now be streamlined across three separate HAL production lines.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Rupee rises 12 paise to 85.43 against US dollar in early trade
Rupee rises 12 paise to 85.43 against US dollar in early trade

Time of India

time24 minutes ago

  • Time of India

Rupee rises 12 paise to 85.43 against US dollar in early trade

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The rupee appreciated by 12 paise to 85.43 against the US dollar in early trade on Monday on the back of a weak American currency and favourable macroeconomic data that fuelled hope of a further reduction in key interest rate in the RBI's upcoming monetary a volatile equity market, outflow of foreign funds and higher crude oil prices amid global trade related uncertainties weighed on the Indian currency, according to forex traders Analysts also said that market participants will be closely monitoring key macroeconomic announcements for further Monetary Policy Committee (MPC) will begin the deliberations on its next bi-monthly policy on June 4 and the outcome is scheduled to be announced on June PMI (Purchasing Managers' Index) data for manufacturing and services sectors is also expected to be announced this the interbank foreign exchange, the domestic unit opened at 85.55 and gained further ground to trade at 85.43 against the greenback in initial deals, registering a rise of 12 paise from its previous rupee ended 7 paise lower at 85.55 against the dollar on the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.05 per cent at crude, the global oil benchmark, rose 2.12 per cent to USD 64.11 per barrel in futures the domestic equity market, the 30-share BSE Sensex tumbled 709.10 points, or 0.87 per cent, to 80,741.91, while the Nifty dropped 196.00 points or 0.79 per cent to 24,554.70. Foreign institutional investors (FIIs) sold equities worth Rs 6,449.74 crore on a net basis on Friday, according to exchange to the latest govern data released on Friday, the Indian economy expanded at a faster pace than expected in the last quarter of the 2024-25 fiscal. The GDP growth rate of 7.4 per cent in January-March period of FY25 reflected a strong cyclical rebound that was helped by a rise in private consumption and robust growth in construction and government also managed to meet its fiscal deficit target of 4.8 per cent of the GDP for 2024-25, according to the provisional data released by the Controller General of Accounts on country's gross GST collection remained above the Rs 2 lakh crore mark for the second month in a row, rising 16.4 per cent in May to over Rs 2.01 lakh crore. Goods and Services Tax (GST) collection had touched a record high of Rs 2.37 lakh crore in Reserve Bank's weekly data released on Friday showed India's forex reserves jumped by USD 6.992 billion to USD 692.721 billion during the week ended May 23. The reserve had dropped by USD 4.888 billion to USD 685.729 billion in the preceding week. PTI

Why is the stock market down today? Sensex slumps over 700 pts, Nifty slips below 24,600; 5 key reasons behind the decline
Why is the stock market down today? Sensex slumps over 700 pts, Nifty slips below 24,600; 5 key reasons behind the decline

Time of India

time28 minutes ago

  • Time of India

Why is the stock market down today? Sensex slumps over 700 pts, Nifty slips below 24,600; 5 key reasons behind the decline

Here are five key reasons behind today's market decline: 1. U.S. tariffs on metals threaten Indian exporters Live Events 2. Weak global cues and trade tension jitters 3. Caution ahead of U.S. Fed commentary and jobs data 4. Domestic selloff in key sectors 5. Russia-Ukraine conflict (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Indian equity benchmarks fell sharply on Monday, with the Sensex and Nifty trading lower amid selling pressure in metal and IT stocks. The weakness overshadowed India's strong GDP growth figures, as global cues remained mixed and investors turned cautious ahead of key U.S. macroeconomic around 9:42 am, the BSE Sensex had declined 704 points, or 0.86%, to 80,747, while the Nifty50 was down 168 points, or 0.68%, at 24, overall market capitalisation of BSE-listed companies dropped by Rs 2.06 lakh crore to Rs 442.13 lakh crore. The Nifty Metal index led the losses with a 1.4% decline, while the Nifty IT index fell 1.25%, weighed down by concerns over the U.S. economy and trade policy. Broader markets also remained under pressure, with small-cap and mid-cap indices slipping 0.3% economy had posted a strong 7.4% GDP growth in the January–March quarter, driven by manufacturing and construction. However, that optimism failed to lift sentiment amid external sentiment turned sour after U.S. President Donald Trump announced plans to double tariffs on imported steel and aluminium to 50%, effective June 4, 2025. This move is expected to adversely affect Indian metal exporters like Tata Steel Hindalco , and NALCO , which have significant exposure to the U.S. exported $4.56 billion worth of iron, steel, and aluminium products to the U.S. in FY2025. The tariff escalation, though not immediately impacting trade, has added uncertainty and is weighing on stocks in the metal sector."President Trump's 50% tariffs on steel and aluminium is a clear message that the tariff and trade scenario will continue to be uncertain and turbulent. This headwind will impact markets," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit and European markets showed signs of stress as investors grappled with the implications of escalating U.S.-China trade tensions. Japan's Nikkei dropped 1.4%, Hong Kong lost 2.5%, and U.S. futures also edged lower — with S&P 500 and Nasdaq futures down up to 0.5%.Markets are also uncertain about whether the U.S. will follow through with the tariff hike, creating additional volatility. While some regional indices like South Korea's gained slightly due to political optimism, the overall sentiment remained Read: India's top 10 priciest stocks in 2025: MRF to Elcid, see who tops the list Investors are bracing for a heavy week of macroeconomic updates from the U.S., especially the non-farm payrolls report and Federal Reserve commentary, which could influence the path of interest U.S. Senate is also set to consider a $3.8 trillion tax-and-spending bill, adding to concerns about the country's ballooning $36.2 trillion federal debt. As a result, long-term U.S. Treasury yields are nearing the critical 5% mark, which is adding to pressure on global equity Governor Christopher Waller on Monday indicated that rate cuts are still possible this year, but much will depend on incoming data. For now, markets are pricing in a 75% chance of a rate cut in September, though the Fed has not explicitly confirmed this home, selling was broad-based across sectors. Metal and IT stocks, which have global exposure, were among the hardest hit, reflecting external risks. Additionally, 10 of the 13 major sectoral indices on the NSE opened in the strong domestic data — with India's Q4 GDP growth at 7.4% — was not enough to support markets. Investors appear to be locking in gains after recent highs, as global uncertainties loom large over the near-term geopolitical concerns also weighed on investor sentiment after Ukraine launched drone attacks on five airbases deep inside Russian territory, reportedly destroying several aircraft. The incident comes just ahead of a scheduled peace summit in Turkey, raising fears of a possible escalation in the conflict if Russia intensification of the Russia-Ukraine war could disrupt global supply chains, especially in energy and commodities, leading to renewed volatility in global Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4

Rupee rises 12 paise to 85.43 against US dollar in early trade
Rupee rises 12 paise to 85.43 against US dollar in early trade

Economic Times

time30 minutes ago

  • Economic Times

Rupee rises 12 paise to 85.43 against US dollar in early trade

The rupee saw gains against the US dollar due to positive economic data and expectations surrounding the Reserve Bank of India's monetary policy. Strong GDP growth and GST collections support this. However, volatile stock markets, foreign fund outflows, and rising crude oil prices create headwinds. The RBI's policy decision and PMI data are keenly awaited by the market. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets 1. US dollar declines as traders assess tariff outlook Tired of too many ads? Remove Ads The rupee appreciated by 12 paise to 85.43 against the US dollar in early trade on Monday on the back of a weak American currency and favourable macroeconomic data that fuelled hope of a further reduction in key interest rate in the RBI's upcoming monetary a volatile equity market, outflow of foreign funds and higher crude oil prices amid global trade related uncertainties weighed on the Indian currency, according to forex traders Analysts also said that market participants will be closely monitoring key macroeconomic announcements for further Monetary Policy Committee (MPC) will begin the deliberations on its next bi-monthly policy on June 4 and the outcome is scheduled to be announced on June PMI (Purchasing Managers' Index) data for manufacturing and services sectors is also expected to be announced this the interbank foreign exchange, the domestic unit opened at 85.55 and gained further ground to trade at 85.43 against the greenback in initial deals, registering a rise of 12 paise from its previous rupee ended 7 paise lower at 85.55 against the dollar on the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.05 per cent at crude, the global oil benchmark, rose 2.12 per cent to USD 64.11 per barrel in futures the domestic equity market, the 30-share BSE Sensex tumbled 709.10 points, or 0.87 per cent, to 80,741.91, while the Nifty dropped 196.00 points or 0.79 per cent to 24,554.70. Foreign institutional investors (FIIs) sold equities worth Rs 6,449.74 crore on a net basis on Friday, according to exchange to the latest govern data released on Friday, the Indian economy expanded at a faster pace than expected in the last quarter of the 2024-25 fiscal. The GDP growth rate of 7.4 per cent in January-March period of FY25 reflected a strong cyclical rebound that was helped by a rise in private consumption and robust growth in construction and government also managed to meet its fiscal deficit target of 4.8 per cent of the GDP for 2024-25, according to the provisional data released by the Controller General of Accounts on country's gross GST collection remained above the Rs 2 lakh crore mark for the second month in a row, rising 16.4 per cent in May to over Rs 2.01 lakh crore. Goods and Services Tax (GST) collection had touched a record high of Rs 2.37 lakh crore in Reserve Bank's weekly data released on Friday showed India's forex reserves jumped by USD 6.992 billion to USD 692.721 billion during the week ended May 23. The reserve had dropped by USD 4.888 billion to USD 685.729 billion in the preceding week. PTI

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store