Hindustan Aeronautics Limited (HAL) is reported to have slashed the price of each Light Combat Aircraft (LCA) from $62.9 million to as low as $34.9 million each.
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Venkat Mangudi [CC BY-SA 2.0], via Wikimedia Commons
“HAL really has no choice. If we need to sustain our production lines and the employees, we need fresh orders,” an anonymous source was quoted as saying.
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Once you have established a reputation for creating great combat aircraft with great after sales service, with full technological capacity such as hav8ng your own world class engines based on say the Kaveri, all manufactured in a timely manner, then you can think of increasing the price.