India Mahindra to invest $54 mln in aerospace-chief

Newswire

BANGALORE, June 26 (Reuters) - Mahindra & Mahindra , India's top utility vehicle and tractor maker, plans to invest 2.5 billion rupees ($54 million) into aerospace business, its managing director said on Saturday. Mahindra will invest 1.5 billion rupees into aircraft component manufacturing, and another 1 billion rupees in aircraft manufacturing, Managing Director and Vice Chairman of the Mahindra group, Anand Mahindra said in Bangalore. Mahindra said the group is open to inorganic ...

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