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ATR Eyes India Assembly Line Amid Regional Growth
29 Mar
Summary
- ATR seeks to expand capacity and presence in India.
- India is the second-largest market for ATR aircraft globally.
- ATR forecasts a need for 210 turboprop planes in India by 2044.
ATR is actively looking to strengthen its foothold in India and is open to future capacity expansion. The European aircraft manufacturer views India as its second-largest market, currently operating around 70 ATR-72 and ATR-42 aircraft with airlines like IndiGo and Alliance Air.
ATR's strategy focuses on enhancing support and responsiveness for the Indian market. While considering future capacity growth, this would supplement existing production. The company's latest forecast indicates a substantial demand for 210 new turboprop aircraft in India by 2044, driven by the expansion of regional air travel.
The Indian government's recent extension of the Udan scheme, with significant funding for airport and helipad development, is expected to boost regional connectivity. ATR believes turboprops are essential for sustainably unlocking growth in smaller cities and on shorter routes, catering to a cost-sensitive passenger base.
