Eurocopter eyes 50% civilian market by 2015

Eurocopter eyes 50% civilian market by 2015

New Delhi: European group Eurocopter aims to grab half the Indian civilian helicopter market by 2015 from 30% now as demand grows in Asia’s third-largest economy, the CEO of its India unit said.

The company expects to sell 20 civilian helicopters in India this year and 15 next year, Marie-Agnes Veve told reporters on Wednesday. Of the total helicopters to be sold in 2010, the company plans to deliver 11 this year itself.

The sale of 20 helicopters would bring in €100 million ($137.4 million) on average, she said and added that India would require 50 civilian helicopters a year by 2015.

The company will complete the last phase of trails for 197 Indian army helicopters by end of this year, Joseph Saporito, group executive and head of commercial programs at Eurocopter, said.

Eurocopter will set up an engineering centre in the southern Indian city of Bangalore next year, it said in a statement.

The world’s largest civil helicopter maker would also set up its own maintenance, repair and overhaul network in India in 4 to 5 years, Veve said, adding the headcount in India would be raised to about 90 by 2015 from 30 now.