An improved version of the ASCOD, called ASCOD 2, has been developed by General Dynamics and was presented in 2004. The ASCOD 2 uses the more powerful MTU 8V 199T21 engine, which provides an output of , together with a Renk HSWL 256 B transmission and Diehl 1028 tracks. It has an increased gross vehicle weight of 38 tons, with a growth potential to 42 tons. The ASCOD 2 has been presented as an IFV (with the SP-30 turret of the original ASCOD), as APC with raised roof and armed with an M2 machine gun (in a BAE Lemur remote weapon station) and as specialized APC for urban combat (designated ASCOD PSO).