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Mahindra & Mahindra Ltd Industry :  Automobiles - Passenger Cars
BSE Code
500520
ISIN Demat
INE101A01026
Book Value (Rs)
534.8629059
NSE Symbol
M&M
Divident Yield %
0.75
Market Cap
(Rs In Cr.)
405,882
P/E (TTM)
26.42
EPS (TTM)
123.56
Face Value
(Rs)
5
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Embraer - Mahindra Group partner for establishing C‑390 Millennium MRO capability in India
19-Feb-26   Hrs IST

Embraer and the Mahindra Group today announced plans to work towards establishing Maintenance, Repair and Overhaul (MRO) capability in India for the C-390 Millennium upon selection in the Indian Air Force's Medium Transport Aircraft (MTA) program. The two companies entered a strategic partnership in October 2025 to produce the C-390 Millennium multi-mission military transport aircraft in India. This collaboration aims to support the Indian Air Force's Medium Transport Aircraft (MTA) program, with plans to establish local manufacturing strengthening the 'Make in India' initiative.

The C‑390 Millennium is the most modern military transport aircraft in its class, offering a payload capacity of up to 26 tons and higher speed and range compared to other medium‑sized military transport aircraft. It is capable of performing a wide range of missions, including cargo and troop transport, airdrop operations, medical evacuation, search and rescue, firefighting, and humanitarian missions. The aircraft can operate from temporary or unpaved runways and may be configured for air‑to‑air refuelling, both as a tanker and as a receiver. The in‑service fleet has demonstrated a mission completion rate above 99 percent, highlighting its productivity and reliability.

The proposed MRO facility will provide comprehensive in‑country maintenance and sustainment for the C‑390 fleet, supporting high levels of operational readiness and availability. The initiative reinforces the companies' joint commitment to positioning the C‑390 Millennium as a strong solution for India's future medium transport aircraft requirements.

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