Date: September 5, 2023. — Volkswagen is discussing with Mahindra & Mahindra, for a strategic partnership that would enable Mahindra to access Volkswagen’s Modular Electric Drive Matrix (MEB) platform and key components for electric vehicles.
Sources close to the matter suggest that these discussions have progressed well. Both companies are eager to capitalize on the growing global demand for electric vehicles (EVs). This collaboration could potentially result in Mahindra gaining access to Volkswagen’s advanced electric vehicle technology, streamlining their entry into the EV market. Simultaneously, Volkswagen stands to benefit from Mahindra’s established presence in the Indian and emerging markets. It helps them to expand their footprint in regions with high EV growth potential. Moreover, Mahindra will utilize this platform to develop its forthcoming electric vehicles. These parts serve the purpose of Mahindra’s newly established electric vehicle platform, INGLO.
In a statement, Volkswagen Group stated that it is in advanced discussions with Mahindra about this. Furthermore, low battery costs, according to Volkswagen, are necessary to democratize the electric car industry. This partnership could lead to the development of new electric vehicle models. It aims to share essential components and technology to reduce costs and accelerate EV adoption.
This strategic collaboration could signify a pivotal moment for both companies. They seek to position themselves as major players in the rapidly evolving electric vehicle landscape. Watch this space for updates on this promising automotive partnership.
