Flying into new frontiers.
The Mahindra Aerospace division was created in 2007 to expand our existing automotive design and manufacturing expertise to the growing aerospace industry. Through our Components sector (known internally as the Systech sector), we acquired several companies with design and manufacturing experience. The combination of our acquired experience with our existing technological capabilities has come to fruition rapidly; completed aircraft are already flying in the Middle East and Australia.
In the next few years, we seek to become leaders in the global market for aerospace components, assemblies, and completed aircraft. Our locations in India and Australia give us the advantage of lower operating costs than traditional Western European and North American-based companies, and our existing technological expertise compares favorably against other emerging manufacturing locations. We're preparing ourselves for strong growth as international and domestic demand for aircraft increases.