Mahindra Group has officially launched Novavayu Aerospace Ltd (NAL), a new wholly-owned subsidiary under Mahindra Defence Systems, to manufacture aircraft and defence equipment. Headquartered in Mumbai, the company begins with an authorized capital of ₹1 crore and marks Mahindra’s strategic entry into aerospace manufacturing. Mahindra & Mahindra has issued an official regulatory filing confirming the incorporation of Novavayu Aerospace Limited (NAL) on July 29, 2026, with the Certificate of Inco