Mahindra recently entered into an MoU with Eurocopter, the world’s leading helicopter manufacturer, to contribute to the growth of the Indian aeronautical industry and civil aircraft market. Eurocopter has a solid, long term strategy for the growth of the India market, while Mahindra Aerospace is already creating a niche for itself in the fixed-wing aircraft and aerostructures manufacturing space. Mahindra sees this MOU as a significant step forward for both companies as well as the domestic aviation industry.
“We are delighted that Mahindra Aerospace has entered into an understanding with the world's leading helicopter manufacturer - Eurocopter. Eurocopter's long term vision and expertise, coupled with our knowledge of the Indian market will contribute in large measure to the growth of the civil aviation industry in India. I am sure this step will further contribute to Mahindra's exciting aerospace vision,” said Mr. Anand Mahindra, Vice Chairman and Managing Director, Mahindra Group.
About Eurocopter (Website: http://www.eurocopter.com/)
About Eurocopter India Pvt Limited
On October 20, 2010, Eurocopter inaugurated its new Indian subsidiary, which has been given the goals of expanding the world’s largest helicopter manufacturer’s commercial presence in this highly-promising marketplace, reinforcing its support and services network throughout the country, and further developing the company’s four-decade relationship with Indian industry.
Eurocopter India Pvt. Ltd. is the 25th subsidiary established worldwide by Eurocopter and the 10th in Asia. It is the first and only foreign helicopter manufacturer in the world to have created a fully-fledged subsidiary in India. The new subsidiary is headquartered in New Delhi and has an existing facility in Bangalore for the management of industrial activity. An engineering centre will be created in Bangalore next year to support the company’s design, development and industrial activities, along with the opening of a new commercial office in Mumbai.
About the Mahindra Group
The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.
A US $12.5 billion multinational group based in Mumbai, India, Mahindra employs more than 119,900 people in over 100 countries.
In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. Its flagship company Mahindra & Mahindra Limited is the only Indian automobile manufacturer to feature in the top 10 list of the Carbon Disclosure Leadership Index in India - 2010, created by the Carbon Disclosure Project (CDP).
In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.
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