Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small electric vehicle. The two companies recently signed five new memoranda of understanding (MoU) to further strengthen their strategic alliance and accelerate the development of key products for consumers in India and emerging markets.
The MoUs, which are non-binding, mark the progress made by the two companies since announcing their alliance in September 2017. 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.
Mahindra and Ford 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.
Building on the collaboration, Mahindra and Ford also announced plans to co-develop a suite of connected car solutions for consumers.
Teams from both companies will continue to collaborate and work together, for a period of up to three years, to develop further avenues of strategic cooperation such as extending support for Mahindra in global emerging markets, including Ford’s manufacturing and distribution network and collaborating to address future mobility needs.