Tech Mahindra announced that it has successfully launched and operationalized ''The HUB for Airbus Group'' in Bangalore. The Hub was inaugurated by Bernard Richardot, VP, head of product development, General Procurement, Airbus Group.

The HUB is a long term transition from current execution models to a platform based approach in Product Development and Engineering services. The HUB will deliver multi-domain services and solutions, ranging from product development to after-market services to the Airbus Group.

Gaurav Gupta, business head, engineering business Europe at Tech Mahindra added, ''Airbus HUB is a leap in Tech Mahindra's aerospace journey, the creed is to provide a platform that serves Airbus group to deliver Engineering and IT solutions along with cost savings and delivery excellence as primary driver.

The Hub is an offering initiated under the Integrated Engineering Solutions (IES) at Tech Mahindra. IES delivers solutions enabling ''Future Digital Enterprise'' across Aerospace and Defense, Automotive, Industrial Equipment, Transportation, Consumer Products, Energy and Utilities and Hi-Tech products. With many exclusive engineering development centers supporting new program launches and 100+ marquee global customers, IES is recognized as an established player for Engineering Services in the industry.

Shares of the company gained Rs 11.45, or 0.45%, to trade at Rs 2,533.80. The total volume of shares traded was 8,558 at the BSE (10.27 a.m., Tuesday).