Mahindra Group subsidiary Mahindra Aerospace has bagged a multi-year contract from Airbus Group company, Premium Aerotec of Germany, to manufacture and supply aero-components.
The multi-year contract envisages manufacture and supply by of a variety of metallic components that will be fitted into several Airbus aircraft programmes as part of assemblies produced by Premium Aerotec, Mahindra Aerospace stated in a release.
Mahindra Aerospace's deliverables under this contract will be in excess of a million parts per annum. The parts will be produced at the new Mahindra Aerostructures facility located at Narsapura, near Bengaluru, the release stated.
Deliveries of spares to Premium Aerotec's facilities in Germany are scheduled to commence this year, the company said, without disclosing the value of the contract.
Announcing the contract award during the 2015 Paris Air Show at Le Bourget, senior representatives of the Airbus and Mahindra groups mentioned that this contract is aligned with the Indian government's 'Make in India' initiative and validates the two groups' commitment to accelerate India's participation in the global aerospace industry while simultaneously creating high-growth opportunities within India's burgeoning aerospace and defence eco-system.
''When we began our aerospace journey in 2008, India had yet to establish a presence in the global aerospace supply chain. We committed then to bridge that gap with our investments in aerospace manufacturing, and this new chapter in our relationship with Airbus attests to that commitment. This is our vision to take 'Make in India' from policy to reality: Build bridges across cultures, countries and businesses – enable each to focus on its core – and empower each other to Rise,'' Anand Mahindra, chairman and managing director, Mahindra & Mahindra Ltd, stated.
Airbus and Mahindra are already global partners in the aerospace engineering domain with Tech Mahindra being one of the global E2S engineering services providers to the Airbus Group.
''This announcement marks a new milestone in our journey,'' said Dr Klaus Richter, chief procurement officer, Airbus Group & Airbus. Dr Richter, who is also a member of the Airbus Group executive committee and chairman of the supervisory board of Premium AEROTEC, added, ''By expanding our relationship from engineering to manufacturing, both of us are signaling our willingness to further strengthen our joint business relationship.''
''Premium Aerotec and Mahindra Aerospace have started a journey to build capability and capacity in India to support the global market demand for Airbus aircraft. We are thrilled to be part of this relationship and are committed to growing it significantly in the years to come,'' said S P Shukla, group president and CEO, Mahindra Aerospace and Defence Sector and member, group executive board.