Eurocopter, Mahindra Group ink MoU for trade partnership

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Mahindra Group representatives Mahindra Aerospace and Mahindra Satyam have signed a Memorandum of Understanding (MoU) for trade partnership with Eurocopter Group and Eurocopter India.

While details of the scope and structure of the partnership will be finalised in the coming months, the deal will be focussed on the manufacture of subassemblies, engineering and customising of civil helicopters, and the joint development of specific market segments.

Eurocopter said: "The co-operation with Mahindra is aligned with Eurocopter's strategy to become a manufacturer in India, through arrangements with local partners, thereby improving its knowledge of the market and adapting the company's products to the region's operational needs."