The Hinduja Group is all set to enter the aerospace business and concrete plans will be ready over the next to-three months.
"We will announce our plan over the next three-four months," V Sumantran, executive vice chairman of Hinduja Automotive, told reporters on the sidelines of a conference.
"We see a huge potential in the aviation business. We think this sector will continue to grow," he said.
While Sumanthran did not give details, the group had earlier talked of plans to enter commercial or defence aircraft manufacturing.
On the likely investments involved in the project, Sumanthran said "it is difficult to talk about it now as we are still in the process of deciding the scale of the business".
Defiance Technologies, a Hinduja Group firm, has already started work on testing and validation for aerospace systems while Ashok Leyland Defence Systems is doing design and engineering for some sub-systems in India.