Mahindra Group and Eurocopter Sign MOU for Trade Partnership to Strengthen the Civil Helicopter Industry in India
MUMBAI, India, July 26, 2011 /PRNewswire/ –
Mahindra Aerospace and Mahindra Satyam – representing the aerospace
manufacturing and engineering capabilities of leading Indian industrial
house, the Mahindra Group – today signed a Memorandum of Understanding (MOU)
for a trade partnership with the Eurocopter Group and its Indian subsidiary,
Eurocopter India. The partnership will be focused on manufacturing of sub
assemblies, engineering and customization of civil helicopters and the joint
development of specific market segments. Details of the scope and structure
of the partnership will be decided in the coming months.
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Noting that Mahindra is a long established and respected multinational
group with great engineering and manufacturing competencies, Lutz Bertling,
President and CEO of Eurocopter, pointed out that, “the synergies between
our two companies will enhance our contributions to the Indian civil
helicopter market.”
Mr. Hemant Luthra, Chairman of Mahindra Aerospace and President and
Member of the Group Executive Board of Mahindra & Mahindra, said, “We are
delighted to work with the world’s leading helicopter manufacturer to
contribute to the growth of the Indian aeronautical industry and civil
aircraft market. Eurocopter has a solid, long term strategy for the growth
of the India market, while we are already creating a niche for ourselves in
the fixed-wing aircraft and aerostructures manufacturing space. We see this
MOU as a significant step forward for both of us as well as the domestic
aviation industry.”
“Mahindra Satyam has been providing IT and Engineering Services to the
aerospace sector, and has been providing solutions to Airbus for the last
several years. We are already closely engaged with the EADS Group and feel
proud to be associated with Eurocopter, to provide our engineering
capabilities for their range of products. This underscores our commitment
and ambition to be a leading provider of value added services for the
sector,” commented Mr. C P Gurnani, CEO of Mahindra Satyam.
In October 2010, with the launch of its India subsidiary – Eurocopter
India Private Limited – Eurocopter demonstrated its commitment to the Indian
market and industry. Eurocopter is the first and only foreign helicopter
manufacturer to have a dedicated Indian subsidiary. One of the key
priorities of the subsidiary is to identify synergies and opportunities for
partnerships with local companies to strengthen the helicopter industry in
India.
About the Mahindra Group (Website: http://www.mahindra.com)
The Mahindra Group focuses on enabling people to rise. Mahindra operates
in the key industries that drive economic growth, enjoying a leadership
position in tractors, utility vehicles, information technology and vacation
ownership. Mahindra has a presence in the automotive industry, agribusiness,
aerospace, components, consulting services, defence, energy, financial
services, industrial equipment, logistics, real estate, retail, steel and
two wheelers.
A US $12.5 billion multinational group based in Mumbai, India, Mahindra
employs more than 119,900 people in over 100 countries. In 2011, Mahindra
featured on the Forbes Global 2000 list, a listing of the biggest and most
powerful listed companies in the world. Dun & Bradstreet also ranked
Mahindra at No. 1 in the automobile sector in its list of India’s Top 500
Companies.
In 2010, Mahindra featured in the Credit Suisse Great Brands of
Tomorrow. Its flagship company Mahindra & Mahindra Limited is the only
Indian automobile manufacturer to feature in the top 10 list of the Carbon
Disclosure Leadership Index in India – 2010, created by the Carbon
Disclosure Project (CDP). In 2011, Mahindra acquired a majority stake in
Korea’s SsangYong Motor Company.
About Mahindra Aerospace
Mahindra Aerospace was formed in 2008 to lead the Mahindra Group’s foray
into the global aerospace manufacturing and utility aircraft industry. MAPL
recently concluded the acquisitions of Aerostaff Australia and GippsAero
(formally Gippsland Aeronautics), both based in Australia.
With an overall investment commitment in excess of US$100 Mn, MAPL is
steadily expanding its portfolio in both aircraft and aerostructures, and
has started work on developing a major aerostructures manufacturing facility
in India. Its fixed-wing aircraft portfolio will soon expand to include
multiple models in the 2-20 seat class, with both single engine and
twin-engine aircraft on offer. Its aerostructures capability will offer
multiple sourcing options leveraging global best practices in two
continents.
About Mahindra Satyam (Website: http://www.mahindrasatyam.com)
Mahindra Satyam is a leading global business and information technology
services company that leverages deep industry and functional expertise,
leading technology practices, and an advanced, global delivery model to help
clients transform their highest-value business processes and improve their
business performance. The company’s professionals excel in enterprise
solutions, supply chain management, client relationship management, business
intelligence, business process quality, engineering and product lifecycle
management, and infrastructure services, among other key capabilities.
Mahindra Satyam development and delivery centers in the US, Canada, Brazil,
the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and
Australia serve numerous clients, including many Fortune 500 organizations.
For clarifications, write to us at:
mediarelations@mahindrasatyam.com
About Eurocopter (Website: http://www.eurocopter.com)
Established in 1992, the Franco-German-Spanish Eurocopter Group is a
division of EADS, a world leader in aerospace, defense and related services.
The Eurocopter Group employs approximately 17,500 people. In 2010,
Eurocopter confirmed its position as the world’s number one helicopter
manufacturer in the civil and parapublic market with a turnover of 4.8
billion Euros, orders for 346 new helicopters and a 49 percent market share
in the civil and parapublic sectors. Overall, the Group’s helicopters
account for 33 percent of the total worldwide civil and parapublic fleet.
Eurocopter’s strong worldwide presence is ensured by its 30 subsidiaries and
participations on five continents, along with a dense network of
distributors, certified agents and maintenance centers. There are currently
11,200 Eurocopter helicopters in service and some 2,900 customers in 147
countries. Eurocopter offers the largest civil and military helicopter range
in the world.
About Eurocopter India Pvt Limited
On October 20, 2010, Eurocopter inaugurated its new Indian subsidiary,
which has been given the goals of expanding the world’s largest helicopter
manufacturer’s commercial presence in this highly-promising marketplace,
reinforcing its support and services network throughout the country, and
further developing the company’s four-decade relationship with Indian
industry.
Eurocopter India Pvt. Ltd. is the 25th subsidiary established worldwide
by Eurocopter and the 10th in Asia. It is the first and only foreign
helicopter manufacturer in the world to have created a fully-fledged
subsidiary in India. The new subsidiary is headquartered in New Delhi and
has an existing facility in Bangalore for the management of industrial
activity. An engineering centre will be created in Bangalore next year to
support the company’s design, development and industrial activities, along
with the opening of a new commercial office in Mumbai.
For more information on the Mahindra Group, please contact:
Ms. Roma Balwani
Senior Vice President & Group Head, Corporate Communications
Mahindra & Mahindra Ltd
Phone: +91-22-2490-1441
Fax: +91-22-2490-0830
Email: balwani.roma@mahindra.com
For more information on Eurocopter, please contact:
Stéphane Chéry Pascale Fleury
Tel: +33(0)4-42-85-60-51 Tel: +33(0)4-42-85-62-38
Mob: +33(0)6-23-93-71-23 Mob: +33(0)6-32-54-05-02
stephane.chery@eurocopter.com pascale.fleury@eurocopter.com
Gloria Illas
Julie Guérin Tel: +33(0)4-42-85-58-89
Mob: +33(0)6-22-00-34-73 Mob: +33(0)6-31-47-08-99
julie.guerin@eurocopter.com gloria.illas@eurocopter.com
Melanie Wolf Priscilla Yip
Tel: +49(0)906-71-57-39 Tel: +65-6592-7217
Mob: +49(0)151-17-12-63-18 Mob: +65-9660-7040
melanie.wolf@eurocopter.com Priscilla.yip@eurocoptersea.com.sg
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SOURCE Mahindra Group