Mahindra and Volkswagen Explore Strategic Alliance to Accelerate Electrification of Indian Automotive Market

The Volkswagen Group and Mahindra & Mahindra Ltd. (M&M) today announced they intend to expand their cooperation. Both companies signed a Term Sheet on the supply of MEB electric components for Mahindra’s new, purpose-built electric platform INGLO, deepening the Partnering Agreement from earlier this year. The cooperation intends to have a volume of more than one million units over lifetime and includes the equipment of five all-electric SUVs with MEB components. In addition, the two companies will explore further opportunities for collaboration, opening the perspective towards a broader strategic alliance to accelerate the electrification of the Indian automotive market.

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