Tejas Mk 1A more expensive than F-16

The Indian Express was told by anonymous sources that Hindustan Aeronautics Limited (HAL) is quoting $67 million for each Tejas Mk 1A.

By Venkat Mangudi (KH-2013 IAF Tejas 2) [CC BY-SA 2.0], via Wikimedia Commons

The news outlet reported that Lockheed Martin is quoting $55 million for each F-16 assembled in India while Saab will charge $66 million for the Gripen.

The report says the Defence Ministry is forming a committee to look into the high price quoted by HAL.

Source