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Embraer to Acquire 51 Percent Stake in Mahindra Group's Novavayu Aerospace
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News18•16-10-2026, 14:30
Embraer to Acquire 51 Percent Stake in Mahindra Group's Novavayu Aerospace
- •Brazilian aircraft manufacturer Embraer has agreed to acquire a 51 percent majority stake in Novavayu Aerospace Limited, a subsidiary of the Mahindra Group.
- •The strategic transaction is expected to be officially completed by December 1, 2026.
- •The acquisition aims to significantly expand Embraer's presence and operations within India's growing commercial aviation and defence sectors.
- •Partnering with the Mahindra conglomerate combines Embraer's global aerospace expertise with a strong local industrial footprint.
- •India's rising demand for air travel, regional connectivity, and military modernization make it a crucial strategic market for international aerospace companies.
Key Questions Answered
Brazilian aircraft manufacturer Embraer has announced an agreement to acquire a 51 percent stake in Novavayu Aerospace Limited, an Indian company belonging to the Mahindra Group. The transaction is expected to be completed by December 1, 2026.
According to a regulatory filing by Mahindra & Mahindra, the agreement to sell the 51 percent equity stake in Novavayu Aerospace Ltd to Embraer SA was signed on October 9, 2026.
The acquisition gives Embraer a controlling interest to strengthen its industrial and commercial association with the Mahindra Group. This move supports Embraer's strategy to expand its presence in India's commercial aviation and defence sectors.
