Press Release23 Sept 2024, 11:42 pm
Mahindra & Mahindra to Equip Electric Platform with Volkswagen's MEB Components
AI Summary
Mahindra & Mahindra Ltd. has clarified rumors regarding stake sale talks with Skoda Auto. The company confirmed signing a Supply Agreement with Volkswagen Group for components of Volkswagen's MEB platform on 16th February 2024. Mahindra will equip a certain range of its electric platform INGLO with electric components of Volkswagen’s MEB and unified cells. Both companies are also exploring further potential opportunities for collaboration in India in the field of e-mobility. Mahindra has consistently disclosed its plans in Press Releases, Earnings Calls with Analysts and Media, and to the Stock Exchanges.
Key Highlights
- Mahindra confirms Supply Agreement with Volkswagen Group for MEB platform components
- Mahindra to equip a certain range of its electric platform INGLO with electric components of Volkswagen’s MEB and unified cells
- Both companies exploring further potential opportunities for collaboration in India in the field of e-mobility
- Mahindra has consistently disclosed its plans in Press Releases, Earnings Calls, and to the Stock Exchanges