Mahindra Aerospace said this week its new five-seat airplane, which would be India's first indigenous GA aircraft, is expected to fly for the first time next month. According to Indian news sources, the NM5-100 will sell for "20 percent less than a similar aircraft from Cessna." The company has been working for a several years in partnership with India's National Aerospace Laboratories to design the airplane, which is expected to meet FAR Part 23 standards. A larger version of the airplane also is in the works, which would seat 8 to 10. The company has said it plans to become India's first manufacturer serving the GA market, with four to six models for global distribution.The NM5-100 is an all-metal aircraft, with a composite cowling and fairings. It is expected to be used for air taxi, light cargo and medevac, as well as training. Mahindra acquired a majority stake in Australia's Gippsland Aeronautics in 2010.