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Home arrow Aerospace arrow Mahindra Aerospace to invest Rs 284cr to set up manufacturing unit in Kolar
Mahindra Aerospace to invest Rs 284cr to set up manufacturing unit in Kolar Print E-mail
Written by James   
Wednesday, 26 January 2011
Bangalore: Mahindra Aerospace will soon set up an aerospace components manufacturing unit in the Narasapura Industrial Area, Kolar district, at an investment of Rs 284 crore.

The company's project proposal was cleared by chief minister BS Yeddyurappa on Monday among the 55 project proposals, totalling Rs 38,966 crore. Proposals by Wipro to set up an aerospace facility near the Bengaluru International Airport at Rs 52 crore and  Toyota Kirloskar to expand it's facility near Bidadi were also cleared.

Mahindra Aerospace has been developing the small aircraft in partnership with National Aerospace Laboratories (NAL). The company will commercially produce the aircraft at its facility after flight-tests and certification requirements are met.

It's first indigenously built aircraft is expected to be launched before March. The plane will be powered by turboprop engines. It will be FAR Part 23  certified for air-worthiness.

The 5 seater aircraft - NM5-100 - is expected to be approximately 20 percent cheaper than a similar aircraft from Cessna. The aircraft can be adapted for training purposes and cargo as well. In addition to this the company is also working on a bigger 8 seater model.

Mahindra has acquired a majority stake in two Australian companies, Aerostaff Australia and Gippsland Aeronautics. Aerostaff Australia (AA) is a component manufacturer of high-precision close-tolerance aircraft components and assemblies for large aerospace OEMs. Gippsland Aeronautics (GA) is an established brand in general aviation and has delivered more than 200 FAR 23* certified planes in 32 countries.

*The FAR 23 certification is mandatory for carrying fare paying passengers and signifies the highest level of passenger safety.

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