New Delhi: Mahindra Aerospace, the aircarft and aero-structures arm of the the Mahindra Group, today said it plans to build 10 and 18 seater airplanes to tap the rising demand in general aviation segment in the country, including organised tours and pilgrimages.
Besides, it plans to test during this quarter, the prototype of a 5-seater aircraft -- NM5 -- that it is building jointly with National Aerospace Laboratories, Mahindra Group Director Hemant Luthra told reporters here.
The 10 and 18-seater planes will be built by GippsAERO, the Australia-based aircraft manufacturing division of Mahindra Aerospace.
Luthra added that it expects the Bangalore plant, which would attract an investment of Rs 280 crore over three years, to begin operations in the next 13 months.
The Rs 280-crore investment is part of the Mahindra's plan to invest Rs 450 crore over the next three years, including acquisitions, and acquiring land for more facilities.
01/08/11 PTI/Economic Times
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