Hi all,
Thanks for your comments. Have started work on the jeep. Had first approached the Mahindra showroom at Jeedimetla (where they said all the Boleros and older jeeps were serviced). They gave me an estimate of 1.5 lakhs for the engine and mechanical overhauling and no guarantee that they would be able to procure all parts (since they don't procure locally).
That being too expensive, my next stop was Bharat Motorworks near Nampally. My wife and I both liked this place and he had several interesting vehicles including a metallic maroon LHD Willys with petrol engine and Ford GPW which was there for restoration quality work (as distinguished from a rebuild). Of course, Mr. Venkat Reddy did mention that the vehicle has been there for the last year or so...that gave me cause for concern for my own jeep which was before him.
After some cajoling (the Hyderabadis are bindaas in their own sweet way), he took my jeep for a short round and said it would cost me about 25 to 30k for repairs - basically fitting the 4WD, the steering assembly, checking the engine and some other stuff. Since I have a DI engine he mentioned that Bosch also does some maintenance of the engine jets and pumps, so if I wanted they could send it to them for having a look. That would cost a minimum of 2-3k and a max of 8-10 k if they have to replace some stuff. Expensive till now for the Jeep, but Bharat's is highly rated for their quality of work.
I also told him him that I wanted the entire electricals to be done and also the lining work and canvas top and probably a coat of paint. He dissuaded me from the painting and said let the current coat be on for some time and then we can consider. As regards the electricals and lining he put me in touch with some people he works with.
The electricals is being done by Saleem of General Motor works (behind Gandhi Bhavan). Saleem miya said his labor cost with materials will be Rs. 4,400. We left the car with him on Saturday evening since he said there were no other vehicles then and he could get the jeep done by Monday evening. While we were there he started pulling out the wires and commenced work.
On the Sunday visit, Saleem miya showed me certain parts that had conked out and need to be replaced and some parts were working so they could be re-used. He also gave me a list of items which needed to be procured, with the option to procure it directly. Given my work schedule on Monday, I let Saleem miya organise the same on his own. The estimate for materials was about Rs. 6000 - which included front headlights, hunter reverse light, master / dead switch, ignition switch, speedometer cable, roots horns, some meters and assorted items. Having no idea on costs at the time and needing to get the work done in a timely manner I have paid him Rs. 5000 as advance. I am informed that 10k for the electricals is on the higher side (should be around 5k were the suggestions provided by Shams and UBS sir), but given my initiation to jeep repairs, this is not too costly a learning.

I will of course be more careful from next time.
In any case, the work being done is quite neat and I am pleased with the outcome. Saleem miya seems to pride himself on his work and mentioned that for the next 10 years there will be no problem with his quality. His work is also highly recommended by other jeepsters, so I'm happy to get a professional job done.
I've attached some pictures of Saleem miya at work (the parts near him are the ones which work and the other heap are the ones which have conked out). There is also the before and after pics of the fuse and relay box arrangement, which will give a good indication of the quality of work. Sorry for the poor quality pics..taken on my Nokia E90.
More on mechanicals and the Hyderabad jeep markets in old city (which I have been discovering) in my next post.
Cheers,
Spyder