Ford, Mahindra Expand Partnership for Joint Development of SUVs, EVs
Six months removed from the announcement of a Memorandum of Understanding, Mahindra Group and Ford Motor Company on Thursday announced that they will be co-developing new SUVs and a small electric vehicle as part of five new non-binding MoUs.
“Ford is committed to offering the best vehicles, technologies, and services that fit the lifestyles and preferences of Indian consumers,” said Jim Farley, Ford executive vice president and president of Global Markets. “Listening to our customers and incorporating their future needs is the core premise of this collaboration. With utility vehicles and electrification as key focus areas, we are glad to see the progress our two companies have made.”
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“Today’s announcement is the next step in the collaboration between Mahindra and Ford,” said Dr. Pawan Goenka, Managing Director, Mahindra and Mahindra Ltd. “Both teams are working together on joint development areas in keeping with industry requirements and leveraging mutual strengths. We are excited about the synergies unveiled through this collaboration and the potential opportunities it will bring.”
The additional agreements between Ford and Mahindra will lead to the joint development of a mid-size SUV. The vehicle will be built on a Mahindra platform and sold independently by both brands under their respective badges. The two companies will also look into the co-development of a compact SUV and small electric vehicles and consider sharing powertrain offerings—allowing Mahindra to utilize Ford’s EcoBoost technologies in its products.
The partnership will also delve into jointly developed connected car solutions, as well as facilitating the development of intelligent mobility needs. The core purpose of the partnership will remain intact: helping Mahindra expand its foothold outside of India while simultaneously allowing Ford to increase its presence in the emerging Indian auto marketplace.
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