The V-100 is the original model of the Commando. At first it was known just as the Commando. The V-100 designation was used several years later. It is also known under the US military designation or M706. Although the V-100 was trailed with various turrets with machine guns, grenade launchers and 20mm autocannon. Only a number of relatively basic models saw service.
Models of the V-100 that saw active service include:
- V-100 early production model with a single machine gun on pintle mount.
- V-100 early production model with large one man turret with two machine guns.
- XM706, a V-100 with small twin 7.62mm machine gun turret used by the US Army. Standardized as M706. Later models and conversion kits allowed for one of the 7.62mm machine guns to be replaced by a 12.7mm M2HB heavy machine gun.
- XM706E1, a V-100 with parapet instead of turret. Multiple pintle mounts allow for 7.62mm and 12.7mm machine guns.
- XM706E2, a V-100 with standard roofline and partial parapet for protection. Used by the US Air force as base security vehicle.

The V-200 is an enlarged version of the V-100. It was developed at the request of Singapore. The V-200 is longer, has a more powerful engine and uses strenthened automotive parts that are also used on US Army 5-ton trucks. Advantages over the V-100 are increased reliability, increased internal space and much improved cargo capacity.

Singapore employed the following variants:
- V-200 with two man turret with 20mm Oerlikon and MAG coaxial and roof machine gun.
- V-200 with two man turret with 90mm MECAR gun and MAG coaxial and roof machine gun.
- V-200 armored recovery vehicle with winch and A-frame.
- V-200 mortar carrier with 120mm mortar firing through two large roof hatches.
- V-200 with RBS-70 surface to air missile in one man open roof pedestal mount. Also features two hatches with a pedestal mounted 7.62mm MAG machine gun.

The V-150 was developed when the V-200 was already in production. It can be considered a combination of the V-100 and V-200. The improved V-200 automotive parts were used in a V-100 sized vehicle. The three main models of the V-150 are:
V-150: Baseline V-150 model. Later redesignated LAV-150.
V-150S: Stretched V-150 introduced in 1981. Later redesignated LAV-150 S.
LAV-150 ST: LAV-150 S with turbocharged diesel engine.
The V-150 series was used in a wide variety of configurations:
- Armored personnel carrier with standard roofline and pintle mounted machine gun.
- Armored personnel carrier with parapet and pintle mounted machine guns.
- Armored personnel carrier with one man turret with two machine guns. Models include 7.62mm M73, M60, MAG or 12.7mm M2HB heavy machine gun.
- Command post with parapet and pintle mounted machine gun.
- Reconnaissance vehicle with two man turret with 20mm Oerlikon autocannon.
- Fire support vehicle with two man turret with 90mm MECAR or Cockerill cannon.
- Tank destroyer with parapet and pedestal mounted TOW launcher.
- Recovery vehicle with winch and forward mounted A-frame.
- Mortar carrier with 81mm M29 mortar on turntable in parapet. Taiwan converted some standard roofline V-150S APC's with 107mm M30 mortar.
- Ambulance without armement. Various prototypes used different turrets, such as a one man 20mm turret, a two man 25mm turret and a two man turret with 76mm gun.