Mahindra group and Ford Motor have just signed a MoU which will enable them to jointly manufacture SUVs and small electric vehicles among other initiatives.
Under the initiatives, Mahindra and Ford will leverage their strengths in the utility vehicle space to co-develop a midsize sports utility vehicle (C-SUV). Built on the Mahindra platform, the new SUV will drive engineering and commercial efficiencies and will be sold independently by both companies as separate brands. The two automobile players also agreed to evaluate co-development of a compact SUV and electric vehicle, along with sharing powertrain portfolios, including the supply of Mahindra powertrains to extend Ford’s product range.
Aiming to generate synergies and improve efficiencies with the new initiatives, the strategic alliance between the two companies continues to focus on leveraging the benefits of Ford’s global reach and expertise and Mahindra’s scale in India and its successful operating model.
The teams will collaborate and work together, for a period of up to three years extending support for Mahindra in global emerging markets, including Ford’s manufacturing and distribution network and collaborate to address future mobility needs. CarWale