According to Wikipedia: "The Pegaso VEC-M1 is a Spanish military cavalry reconnaissance vehicle. It started service in the Spanish Army in 1980 as BMR-625 VEC (aka Pegaso 3562) and all of them were upgraded in late 90's to the M1 version.
The vehicle was developed and produced by Pegaso, now Iveco, as a derivative of the well-known Pegaso BMR. It is a 6x6, currently powered by a 315 hp Scania DS9 diesel 6-cylinder engine, disposed in the rear right side of the hull, which replaced the original Pegaso 306 hp engine."