Mumbai: Mahindra Group, owner of India’s biggest sport-utility vehicle maker, plans to sell airplane parts to Boeing Co. and other manufacturers after striking a supply agreement with Airbus Group SE.The establishment of the plant near Bengaluru is a “giant leap” for India’s aspirations in the aerospace market and the Airbus contract is just the “tip of the iceberg,” Anand Mahindra, chairman of the Mumbai-based group, said in an interview with Bloomberg Television’s Erik Schatzker and Olivia Sterns from the Paris Air Show.
Mahindra plans to supply more than a million parts a year to Airbus under the contract and will start deliveries later this year, the Indian company said.
Airbus’s multi-year contract envisages manufacture and supply by Mahindra of a variety of metallic components that will be fitted into several aircraft programmes, the company said in the statement. Mahindra forayed into the utility aircraft and aerostructure manufacturing business since 2008. The aircraft business, based in Australia, is also developing a 10-seat turboprop plane, which is scheduled for certification in 2015.