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OK Play India Ltd
Industry :  Plastics Products
BSE Code
ISIN Demat
Book Value()
526415
INE870B01024
4.696568
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
N.A
225
238.23
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Div & Yield %
0.03
1
0
 

Embraer and Mahindra Group form strategic alliance
Oct 17,2025

Embraer Defense & Security and Mahindra Group, have signed a landmark Strategic Cooperation Agreement (SCA) to advance the C-390 Millennium solution for the Indian Air Force's Medium Transport Aircraft (MTA) programme. This agreement was inked alongside the inauguration of Embraer's national office in Aerocity, New Delhi.

The agreement builds upon the Memorandum of Understanding signed in February 2024 at the Embassy of Brazil in New Delhi, deepening the scope of cooperation to include joint marketing, industrialisation and developing India as a hub for the C-390 Millennium. Since the signing, the C-390 Millennium aircraft has further increased its operator base globally.

Embraer and Mahindra Group will work closely with stakeholders in the country and engage with India's military and aerospace ecosystem to identify opportunities for local manufacturing, assembly facilities, supply chain and MRO activities. The long-term ambition is to position India as a manufacturing and support hub for the C-390 Millennium aircraft, serving both domestic and regional requirements.

This partnership unites Brazil's world-class aerospace innovation with India's manufacturing prowess and contributes to the strengthening of ties between the two nations while positioning India as a potential hub for the C-390 Millennium aircraft in the region.