Mahindra Aerostructures (MASPL) and Airbus Aerostructures GmbH on Wednesday (January 17) inked a new agreement to enhance their partnership in aerospace manufacturing. The deal encompasses the production and delivery of metallic components for all Airbus commercial aircraft models, including the highly popular A320 family.
Under the terms of the contract, MASPL will dispatch nearly 5,000 varieties of metallic components to Airbus in Germany, sourcing them from its manufacturing facility in India.
The contract adds to existing MASPL programmes to deliver parts directly to Airbus at their facilities in Toulouse, France.
Expressing his enthusiasm about the collaboration, Vinod Sahay, President of Aerospace & Defence and Chief Procurement Officer of Auto & Farm Sectors at Mahindra, stated, “The Mahindra Group is proud of its relationship with Airbus. With this new contract we further expand our relationship and increase our participation in the ‘Make In India’ initiative of the Government of India. We look forward to delivering on our commitments and continuing this journey of collaborative growth.”
Arvind Mehra, Managing Director & CEO of Mahindra Aerostructures, conveyed gratitude for Airbus's sustained support, saying, “MASPL is privileged to be an Airbus supplier and we greatly appreciate their continued support to our growth initiatives. This award is a significant expansion of our Airbus portfolio and offers further opportunities for us to work with Airbus on performance, sustainability, and operational excellence.”
Having been a direct supplier to the Airbus Group since 2015, MASPL has consistently partnered with Airbus on various initiatives.
Mahindra Aerostructures is a wholly-owned dropdown subsidiary of Mahindra & Mahindra Ltd. It is based in India and produces metallic parts and assemblies for leading aerospace majors.
(Edited by : Shoma Bhattacharjee)
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!