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Mahindra Group and Eurocopter sign MOU for trade partnership to strengthen the civil helicopter industry in India

Mahindra Aerospace and Mahindra Satyam - representing the aerospace manufacturing and engineering capabilities of leading Indian industrial house, the Mahindra Group - today signed a Memorandum of Understanding (MOU) for a trade partnership with the Eurocopter Group and its Indian subsidiary, Eurocopter India. The partnership will be focused on manufacturing of sub assemblies, engineering and customization of civil helicopters and the joint development of specific market segments. Details of the scope and structure of the partnership will be decided in the coming months.

Noting that Mahindra is a long established and respected multinational group with great engineering and manufacturing competencies, Lutz Bertling, President and CEO of Eurocopter, pointed out that, "the synergies between our two companies will enhance our contributions to the Indian civil helicopter market."

Mr. Hemant Luthra, Chairman of Mahindra Aerospace and President and Member of the Group Executive Board of Mahindra & Mahindra, said, "We are delighted to work with 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 we are already creating a niche for ourselves in the fixed-wing aircraft and aerostructures manufacturing space. We see this MOU as a significant step forward for both of us as well as the domestic aviation industry."

"Mahindra Satyam has been providing IT and Engineering Services to the aerospace sector, and has been providing solutions to Airbus for the last several years. We are already closely engaged with the EADS Group and feel proud to be associated with Eurocopter, to provide our engineering capabilities for their range of products. This underscores our commitment and ambition to be a leading provider of value added services for the sector," commented Mr. C P Gurnani, CEO of Mahindra Satyam.

In October 2010, with the launch of its India subsidiary - Eurocopter India Private Limited - Eurocopter demonstrated its commitment to the Indian market and industry. Eurocopter is the first and only foreign helicopter manufacturer to have a dedicated Indian subsidiary. One of the key priorities of the subsidiary is to identify synergies and opportunities for partnerships with local companies to strengthen the helicopter industry in India.

Press release issued by Mahindra & Mahindra Ltd on July 26, 2011

 

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