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Embraer Acquires Majority Stake in Indian Aerospace Company

October 13, 2026

2 min read

Key Takeaways

Embraer acquires 51% stake in Novavayu Aerospace Limited.
Partnership with Mahindra Defence Systems for India's MTA program.
Transaction valued at INR510,000 (US$5,700).
Deal expected to be completed by December 1.

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Strategic Implications

This acquisition may signal Embraer's commitment to the Indian market and its partnership with Mahindra, which could strengthen their joint bid for the MTA program. The move suggests Embraer is positioning itself for potential long-term growth in the Indian aerospace sector, which could have implications for the company's global competitiveness.

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What Happened

Brazilian Manufacturer Expands Partnership with Mahindra for MTA Program

Embraer is set to acquire a majority stake in Novavayu Aerospace Limited, a newly formed Indian company controlled by Mahindra Defence Systems, as the partners compete for India’s Medium Transport Aircraft (MTA) program. The deal, valued at INR510,000 (US$5,700), is expected to be completed by December 1. Embraer and Mahindra have been expanding their cooperation around the C-390 campaign, with plans for local manufacturing, supply-chain development, and maintenance capabilities if the aircraft is selected. This development was first reported by Air Data News.

Source | Originally Published: October 13, 2026

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