[4] In March 2021, the company won a contract to supply 1,300 Light Specialist Vehicles (LSV) worth ₹1,056 crore to the Indian Army.

[7][8] The Mahindra ALSV has been designed to comply with the Indian Army's future requirements of a Light Armored tactical vehicle.

[3] The ALSV offers ballistic protection against IEDs, hand grenades and anti personnel mines is ideally suited for patrolling in high intensity combat zones.

[10] The vehicle has a Steyr 3.2-litre, 6-cylinder multi-fuel turbodiesel engine that develops 215HP at 3,600 rpm and a peak torque of 500Nm, mated to a four-speed automatic transmission.

The ATGM variant was tested in Teesta Field Firing Range by Indian Army's Trishakti Corps in February 2024.