Mahindra and Mahindra have announced that they have signed a term sheet with Volkswagen Group on the supply of MEB electrical components for its new purpose-built electrical platform INGLO.
According to a press release from M&M, the cooperation aims to have more than one million units over a lifetime and includes outfitting five all-electric SUVs with MEB components.
Furthermore, regarding the next step towards a possible strategic alliance for India, the two companies agree to explore other potential areas of collaboration in the field of e-mobility, including vehicle projects. , the location of battery cell manufacturing and charging and power solutions for electricity. ecosystem in India.
Thomas Schmall, Volkswagen Group Board Member for Technology and CEO of Volkswagen Group Components, said: “The MEB electric platform and its components are essential for affordable and sustainable mobility worldwide.
The partnership not only demonstrates that the group’s platform business is highly competitive, but also that the MEB is well on its way to becoming one of the leading open platforms for e-mobility, he said. he adds.
“We are thus fulfilling the objective of our Volkswagen New Auto strategy to make the platform business a strong pillar of our group and to unlock future profit pools through economies of scale,” said Schmall. .
Rajesh Jejurikar, Executive Director, Automotive and Agricultural Sectors, Mahindra & Mahindra, said: “Our vision is to lead the electric mobility revolution in India by delivering genuine electric SUVs with cutting-edge technology as demonstrated by the UK.
Interestingly, alongside the signing of the term sheet, M&M also showcased five of its upcoming electric vehicle concepts under the company’s two newly formed entities and new design center in Banbury, Oxfordshire, UK.