Partnership19 Nov 2024, 09:54 pm
Mahindra & Mahindra and Volkswagen Group sign supply agreement for electric components
AI Summary
Mahindra & Mahindra Ltd. and Volkswagen Group have signed a supply agreement for components of Volkswagen’s MEB platform. Mahindra will use these components and unified cells for its purpose-built electric platform INGLO. The supply agreement will run over several years and will have a total volume of about 50 GWh over its lifetime. This collaboration is expected to strengthen the e-mobility footprint of both companies in the Indian automotive market and accelerate the electrification in the region.
Key Highlights
- Mahindra & Mahindra Ltd. and Volkswagen Group sign supply agreement for components of Volkswagen’s MEB platform.
- Mahindra will use these components and unified cells for its purpose-built electric platform INGLO.
- The supply agreement will run over several years and will have a total volume of about 50 GWh over its lifetime.
- Collaboration aims to strengthen the e-mobility footprint of both companies in the Indian automotive market.
- Electrification in the region is expected to accelerate due to this collaboration.