New Delhi, Oct. 16 -- Brazilian aerospace major Embraer has entered into an agreement to purchase a 51% stake in Novavayu Aerospace Limited (NAL), an Indian firm owned by the Mahindra Group.

The deal is likely to be finalised by December 1, 2026, and is expected to strengthen Embraer's footprint in India's commercial aviation and defence industries, Brasil 247 reported.

Citing Brazilian newspaper Valor Economico, Brasil 247 said the proposed investment highlights India's growing importance to Embraer's global expansion strategy and its plans to scale up aerospace operations in the country.

The acquisition will give Embraer a majority stake in Novavayu Aerospace and deepen its association with the Mahindra Group, according to the report...