Indian Auto Giant Mahindra Officially Closed Its $175 Million Australian Aircraft Business — Here's Why
NegativeArtificial Intelligence
Mahindra has officially closed its Australian aircraft subsidiary, MAAPL, after 15 years, marking a significant exit from the aircraft manufacturing sector in Australia. The liquidation process yielded only AUD 3.025 million from the initial $175 million investment made in 2009. This closure highlights the challenges faced by international companies in the Australian market and raises questions about the future of similar ventures.
— Curated by the World Pulse Now AI Editorial System



