25.35 (0.81%) Mahindra & Mahindra’s (M&M), joint venture (JV) partnership - Mahindra Telephonics Integrated Systems (Mahindra Telephonics), has opened the first private sector aerospace and electronics joint venture manufacturing facility in Prithla, Faridabad. The facility was officially opened on February 5, 2014 and represents an important milestone for India’s rapidly expanding private defence industry. The business will focus on the development and manufacture of leading-edge radar technology. Initial production of the first proprietary products commenced at the facility in December 2013.
The JV partnership is between M&M and Telephonics Corporation, a leading designer, developer and manufacturer of high-technology integrated information, communication and sensor system solutions for military and commercial markets worldwide and a subsidiary of the Griffon Corporation.
Mahindra & Mahindra (M&M) 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.