The project cost of the production of one M-20UP-1 stands at five million euros.
Goran Stojanovic, head of the working group to develop the tank, said that the М-20UP-1 will not compete with the Armata tank.
"Our tank will be closer to the [Russian-made] T-90 tank in terms of combat capabilities. We are short of money, and our economic potential is not developed enough to let us compete with the Russians. But by using a design [resembling] those of advanced tanks across the world, we have developed the weapon of the future: cheap, modern and efficient," Stojanovic said.
As in the T-14 Armata battle tank, the М-20UP-1's crew of three is securely enclosed in a multi-layer armored capsule, separated from the ammunition container.
The Serbian tank also features an unmanned, digitally controlled turret, which is remotely controlled by a crew member located in the aforementioned capsule.
The М-20UP-1 is equipped with electric transmission, which engineers said will help significantly reduce the power loss and will add to the tank's stealth characteristics.
It reportedly took eight months to finalize the М-20UP-1, which was developed both by young and veteran Serbian engineers, who were engaged in the creation of the M-84 battle tank.
The М-20UP-1 will form a base platform for other Serbian armored vehicles, as is the case with the Russian-made Armata platform.
Earlier this year, similar plans were announced by India, which seeks to use the platform of its planned battle tank for as many as 11 different tracked vehicles.