{"id":75,"date":"2011-06-05T07:42:55","date_gmt":"2011-06-05T07:42:55","guid":{"rendered":"http:\/\/www.bangalorefirst.in\/?p=75"},"modified":"2011-06-05T07:42:55","modified_gmt":"2011-06-05T07:42:55","slug":"mahindra-expands-in-aerospace","status":"publish","type":"post","link":"https:\/\/www.bangalorefirst.in\/?p=75","title":{"rendered":"Mahindra Expands in Aerospace."},"content":{"rendered":"

Carmaker is investing in components, hunting for new markets<\/span><\/strong><\/h1>\n

Bangalore:<\/span><\/p>\n

Mahindra & Mahindra Limited, India’s biggest maker of sport-utility vehicles and tractors, plans to invest Rs2.5 billion (Dh198.2 million) in its aerospace business as part of a push to expand into new markets.
\n<\/span><\/p>\n

“We are planning to invest Rs1.5 billion for manufacturing components and roughly Rs1 billion in manufacturing aircraft,” Vice Chairman Anand Mahindra said at a news conference in the southern Indian city of Bangalore.<\/p>\n

The carmaker entered the aerospace industry last year by purchasing majority stakes in Aerostaff Australia, a component manufacturer, and Gippsland Aeronautics, a maker of turboprop aircraft. It has also been in talks with Boeing Company and Airbus seeking orders for aviation components.<\/p>\n

Mahindra said in a statement on Friday it is in the final stages of setting up a plant.<\/p>\n

The company is spending $10 million (Dh36.7 million) to set up a facility in Bangalore to produce aircraft parts, Hemant Luthra, head of the company’s autoparts division, said in December<\/p>\n

 <\/p>\n

source: http:\/\/www.gulfnews.com \/ Bloomberg \/ Jun 27th, 2010<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Carmaker is investing in components, hunting for new markets Bangalore: Mahindra & Mahindra Limited, India’s biggest maker of sport-utility vehicles and tractors, plans to invest Rs2.5 billion (Dh198.2 million) in its aerospace business as part of a push to expand into new markets. “We are planning to invest Rs1.5 billion for manufacturing components and roughly … Continue reading Mahindra Expands in Aerospace.<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[105,103,104],"class_list":["post-75","post","type-post","status-publish","format-standard","hentry","category-business-economy","tag-hemant-luthra-head-of-mahindras-auto-parts-division","tag-mahindra-to-invest-in-aerospace-in-bangalore","tag-mahindra-to-invest-rs-2-5-billion-in-its-aerospace-business-in-bangalore"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=\/wp\/v2\/posts\/75","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75"}],"version-history":[{"count":2,"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=\/wp\/v2\/posts\/75\/revisions"}],"predecessor-version":[{"id":77,"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=\/wp\/v2\/posts\/75\/revisions\/77"}],"wp:attachment":[{"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bangalorefirst.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}