Dec 15, 2010

Mahindra intends to add bigger wings to AVIATION biz

Mahindra & Mahindra (M&M), the
automobile manufacturer which has
recently also entered the aviation
sector, has ideas of replicating the
global success of Brazilian aircraft
maker Embraer. The company acquired a stake of
more than two-thirds in two
Australian aerospace companies last
month, to expand its aircraft and
aerospace component manufacturing
business. Speaking on the sidelines of a truck
launch made by M&M at the Delhi Auto
Expo, vice-chairman and managing
director Anand Mahindra said: " We have our feet firmly planted on the
ground, but we have our dreams and
they are not limited.