Tag: Mahindra

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Embraer, Mahindra join forces to build C‑390 MRO facility in India

Brazilian aerospace company Embraer and Mahindra Group are deepening their collaboration in India to develop a Maintenance, Repair, and Overhaul (MRO) facility for the C‑390 Millennium military transport aircraft, contingent on the aircraft being chosen for the Indian Air Force’s (IAF) Medium Transport Aircraft (MTA) programme.

The proposed MRO facility will provide end-to-end support for the C‑390, including base and heavy maintenance, avionics support, structural inspections, component overhaul, and technical training. This will allow faster servicing and reduce reliance on overseas facilities, improving the fleet’s operational readiness and lifecycle efficiency.

The partnership, first formalised in October 2025, is designed to strengthen India’s defence aerospace ecosystem. Vinod Sahay of Mahindra Group said a local MRO would ensure high aircraft availability, support the IAF’s operational needs, and help India build domestic defence capabilities.

Embraer Services & Support President and CEO Carlos Naufel emphasized that the facility would generate skilled jobs, strengthen local supply chains, and connect Indian aerospace companies to Embraer’s global support network. The facility could also position India as a regional hub for C‑390 maintenance, servicing other operators of the aircraft in Asia and beyond.

The C‑390 Millennium is a versatile aircraft capable of cargo and troop transport, medical evacuation, search and rescue, firefighting, humanitarian missions, and air-to-air refuelling. By establishing an MRO facility in India, the partners aim to ensure quicker turnaround times and operational autonomy for the aircraft fleet.

This initiative also aligns with India’s Make in India and Atmanirbhar Bharat goals, promoting local manufacturing and lifecycle support in defence and aerospace. Embraer already has a presence in India with nearly 50 aircraft operating across defence, commercial, and business aviation sectors, highlighting the company’s long-term commitment to the country.

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Mahindra to invest ₹15,000 cr in Maharashtra plant

Mahindra & Mahindra (M&M) is set to invest ₹15,000 crore to establish India’s largest integrated automobile and tractor manufacturing facility in Nagpur, Maharashtra. The announcement came at the Advantage Vidarbha investment summit, underlining the region’s growing importance as a hub for industrial development.

The new facility will span 1,500 acres, complemented by a 150‑acre supplier park in Chhatrapati Sambhajinagar (Aurangabad). The park will supply parts to the Nagpur plant and other Mahindra factories in Chakan and Nashik, boosting local supply chains and production efficiency.

Production at the Nagpur plant is expected to begin in 2028. Once operational, it will have the capacity to manufacture more than 5 lakh vehicles and 1 lakh tractors every year, making it the largest such integrated plant in the country.

The plant will be equipped to handle internal combustion engines, electric vehicles, and future mobility technologies, supporting Mahindra’s NU_IQ platform and other next-generation vehicle architectures.

In addition, Mahindra is acquiring over 2,000 acres across three locations in Maharashtra, including land in the Igatpuri-Nashik region, to expand engine production and other advanced manufacturing capabilities.

Officials highlight that the Nagpur location offers strong logistical advantages, with access to the Samruddhi Expressway and major rail links, facilitating the movement of vehicles and components across India and overseas markets.

The project is expected to generate substantial employment opportunities and contribute to the economic development of Vidarbha and nearby areas. Maharashtra’s government has welcomed the investment, describing it as a significant boost to the state’s industrial ecosystem.

This ₹15,000 crore investment is a major step in Mahindra’s long-term manufacturing strategy, reinforcing its commitment to India’s “Make in India for the World” initiative while positioning the company for growth in both domestic and international markets.

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Mahindra, Manulife launch 50:50 life insurance joint venture

Mahindra & Mahindra Ltd. (M&M) and Canadian insurer Manulife Financial Corporation have agreed to form a life-insurance joint venture in India, with each holding a 50 % stake. The venture is still subject to regulatory approvals from the Insurance Regulatory and Development Authority of India (IRDAI).

The companies plan a total investment of up to ₹3,600 crore over the next 10 years, with about ₹1,250 crore from each partner in the first five years. The JV will focus on long-term savings and protection products for individuals, combining Manulife’s global insurance experience with M&M’s strong rural and semi-urban network.

The partnership targets India’s growing life-insurance market, especially in areas where financial penetration is low. The venture is expected to start operations within 15–18 months and may take 10–12 years to break even.

India’s life-insurance sector has been growing steadily, with new business premiums for individual policies rising 12.1 % year-on-year in October 2025, highlighting a strong demand for insurance products across the country.

This collaboration also aligns with India’s broader goal of increasing insurance penetration nationwide, offering financial protection and long-term savings solutions to a larger population.

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