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M&M's arm expands strategic relationship with Airbus

18 Jan 2024 Evaluate

Mahindra & Mahindra's (M&M) wholly-owned dropdown subsidiary -- Mahindra Aerostructures (MASPL) and Airbus Aerostructures GmbH have signed a new contract for the manufacture and delivery of metallic components for all Airbus commercial aircraft models, including the best-selling A320 family. 

Under the contract, MASPL will supply close to 5000 varieties of metallic components to Airbus in Germany from its manufacturing base in India. The contract adds to existing MASPL programmes to deliver parts directly to Airbus at their facilities in Toulouse, France.

MASPL has been a direct supplier to Airbus Group since 2015, and partners with Airbus on numerous initiatives. It has been ranked as a D2P 'Challenger' for three years in the Sheet Metal domain, as well as level 'A' in the Airbus Industrial Process Capability Assessment (IPCA+) and has won 'Best Performer' award in the 2023 Airbus Supplier Quality Improvement Program (SQIP) awards.

Mahindra & Mahindra is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.


Mahindra & Mahindra Share Price

3329.50 -41.00 (-1.22%)
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