Chennai / Wolfsburg, February 16, 2024- Volkswagen Group and Mahindra & Mahindra Ltd. (M&M) have signed the supply agreement on components. Volkswagen will supply it’s MEB for Mahindra’s purpose-built electric platform INGLO. The Volkswagen MEB platform, Modularer E-Antriebs-Baukasten (Modular Electric Drive Kit), is specifically designed for electric vehicles developed by the Volkswagen Group. Volkswagen’s MEB platform and its components are used by the Group brands Volkswagen, Audi, Škoda and SEAT/CUPRA. External partners like Ford and Mahindra also utilize it.
Key features of the Volkswagen MEB platform: (~ Gemini Google)
- Long range: Vehicles built on the MEB platform can offer up to 500 kilometers (310 miles) of range on a single charge.
- Fast charging: The platform supports fast charging, which can add up to 80% of range in 30 minutes.
- Spacious interiors: The battery pack is located in the floor of the vehicle, which frees up space for passengers and cargo.
- Performance: Vehicles built on the MEB platform can offer peppy acceleration and good handling.
With the agreement, Volkswagen and Mahindra are further deepening their collaboration, which started with a partnering agreement and a term sheet in 2022. Both companies will continue to evaluate the potential expansion of the collaboration. Mahindra will be the first external partner to use the unified cell concept, the core element of Volkswagen’s battery strategy.
The supply agreement will run over several years and have total volume of about 50 GWh over its lifetime. Volkswagen Group and Mahindra aim to strengthen their e-mobility footprint in the Indian automotive market. They also seek to accelerate electrification in the region.
Mahindra plans to launch five all-electric SUVs in India based on its new, purpose-built electric platform, INGLO, starting in December 2024. With more than five million new vehicles per year in 2023, India is one of the largest automotive markets in the world. The electrification of the passenger car segment expects to gain significant momentum in the coming years.
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