Honda CB Hornet 160R launch on 10th December    Hyundai Elite i20 has 66% market share in premium hatchback segment    US equity firm Bain Capital to sell Hero shares worth $116 million    3M Car Care launches printed car wraps in India    Toyota to start Innova exports from Indoensia soon

Mahindra To Launch Private Aircraft

4 wheelers, 2 wheelers, trucks and now airplanes! Mahindra is on a roll. Their Aerospace division is readying a prototype of a small private aircraft built in collaboration with state-owned National Aerospace Laboratories (NAL). The five-seater, turbo-prop aircraft, NM5-100, will be flown by March. Its first flight was earlier scheduled in mid-2009. Mahindra has earlier manufactured and delivered 24 five-seater aircraft for Seabird Aviation Jordan. The planes were manufactured by Mahindra at the rate of 3-4 units per month. Each plane cost $400,000.

This is the first time Bangalore-based NAL has ventured into developing small-sized private aircraft with private participation. The institution, responsible for the design of the NM5-100, had earlier worked on designs for the Hansa trainer and Saras, a light transport aircraft. According to the previous agreement, a substantial part of the design and development of the NM5 will be done by NAL, while marketing and serial production of the plane will be done by Mahindra. The central government had released Rs 6.5 crore for the project last year.

Mahindra is looking to secure aviation component supply contracts from major aircraft manufacturers around the world for military and civilian use. A senior executive from Mahindra Systech, the umbrella unit of the aerospace arm, said the component industry was worth more than $1 billion annually. Systech’s turnover (including the aerospace segment) stands at $600-700 million, while the value of the company is pegged at $500 million. These figures were higher in 2008 (turnover at $950 million and value at $700 million) before the recession.

Source – Business Standard

Comments on this entry are closed.

  • http://motorbeam chetan

    expanding the horizons , good move by mahindra

  • capt jithin

    thats a wonderful hit. hope i cud fly that airplane !!

  • chris

    I wouldnt want to fly in that!!

  • Sharolyn Frantum

    Cannot agree a lot more with this, incredibly interesting content. Thanks A Ton.

  • raman jindal

    it is a good shot

    can I open the business of air taxi( small operator)

Return to Top ▲Return to Top ▲