Here's a family photograph of the vehicles that are competing for the army's requirement of 228 Light Support Vehicles (LSV). These are for the Reconnaissance Platoons of the mechanised infantry battalions.
The photograph is from the recently held winter trials in Ladakh. Gives one a feel of the conditions in which trials are held.
The vehicles in the line-up are (left to right): The Mahindra Axe, the Vectra LSV, the Flyer being fielded by the Ordnance Factory Board (OFB), and the Tata LSV. From what I hear, the Mahindra Axe is the best-performing vehicle in the trials, but it is unlikely to win because of the L-1 system.
That basically means that the cheapest vehicle which meets the GSQR will win the contract, even if there are more capable vehicles in the fray. The Axe is far more capable, but that also makes it more expensive. The Tatas, the Vectra and Ashok Leyland have produced low-capability but cheap vehicles that might just pass the trials, but which certainly will cost less than the Axe.