Mahindra & Volkswagen in talks for EV component collaboration
06 Sep 2023
2 Min Read
CW Team
According to a report, Mahindra & Mahindra is currently engaged in discussions with Volkswagen regarding the utilisation of key electric components from Volkswagen's open electric vehicle platform, known as the modular electric drive matrix (MEB). This collaboration would involve Mahindra incorporating components such as the e-drive and unit cells into its own electric vehicle lineup.
Volkswagen's MEB platform serves as a versatile foundation for electric vehicles and is utilised by various brands, including Audi, Cupra, Skoda, and Volkswagen, as well as in partnership with Ford.
It was reported that M&M and Volkswagen had inked a term sheet back in August, outlining the provision of electric components by the German automaker to Mahindra.
As per Mahindra's financial plans, as reported by the Economic Times, an investment of approximately Rs 100 billion is anticipated for its electric vehicle subsidiaries from the financial year 2021-22 (FY22) through FY27. Within this period, Rs 40 billion of the total investment will be allocated between FY22 and FY24.
Furthermore, Mahindra has ambitious plans to introduce approximately five new electric vehicle models between April and October 2025. The company aims for electric SUVs to account for 20-30 per cent of its SUV portfolio, potentially reaching up to 200,000 SUV units.
In addition to these initiatives, Mahindra has set a target to manufacture 200,000 electric vehicles annually at its Chakan plant in Maharashtra from 2027 to 2029.
According to a report, Mahindra & Mahindra is currently engaged in discussions with Volkswagen regarding the utilisation of key electric components from Volkswagen's open electric vehicle platform, known as the modular electric drive matrix (MEB). This collaboration would involve Mahindra incorporating components such as the e-drive and unit cells into its own electric vehicle lineup.Volkswagen's MEB platform serves as a versatile foundation for electric vehicles and is utilised by various brands, including Audi, Cupra, Skoda, and Volkswagen, as well as in partnership with Ford.It was reported that M&M and Volkswagen had inked a term sheet back in August, outlining the provision of electric components by the German automaker to Mahindra.As per Mahindra's financial plans, as reported by the Economic Times, an investment of approximately Rs 100 billion is anticipated for its electric vehicle subsidiaries from the financial year 2021-22 (FY22) through FY27. Within this period, Rs 40 billion of the total investment will be allocated between FY22 and FY24.Furthermore, Mahindra has ambitious plans to introduce approximately five new electric vehicle models between April and October 2025. The company aims for electric SUVs to account for 20-30 per cent of its SUV portfolio, potentially reaching up to 200,000 SUV units.In addition to these initiatives, Mahindra has set a target to manufacture 200,000 electric vehicles annually at its Chakan plant in Maharashtra from 2027 to 2029.
Next Story
Concorde Acquires 3 Acre in Hennur for Premium High-Rise Project
In a strategic expansion move, Concorde has acquired a 3-acre land parcel in Hennur, North Bengaluru, for a premium high-rise residential development. The upcoming project will feature a saleable built-up area of approximately 4.25 lakh sq. ft., with an estimated Gross Development Value (GDV) of Rs 5 billion. Scheduled for launch in FY 2026鈥�27, the development will offer 2 and 3 BHK premium residences designed to appeal to discerning urban homebuyers seeking elevated, community-centric living in one of the city's fastest-growing corridors. 鈥淭his investment underlines our commitme..
Next Story
JP Infra Launches Monsoon Fest 2025 for 亚博体育官网首页buyers
JP Infra, one of Mumbai鈥檚 most trusted real estate developers, has announced the launch of 鈥楳onsoon Fest 2025鈥�, a limited-period campaign offering exclusive privileges across its residential projects in Mira Road, Thane, and other key locations. Running from 16th June to 31st July 2025, the Monsoon Fest presents a curated package of benefits for homebuyers. Every booking comes with an assured premium White Goods voucher from leading brands. Buyers can also choose one of three value-added offers: 50 per cent waiver on stamp duty Modular kitchen Fully furnished home&nbs..
Next Story
LANXESS Resin Removes Short-Chain PFAS From Water
Speciality chemicals company LANXESS has launched Lewatit MDS TP 108, a new ion exchange resin designed for the efficient removal of short-chain per- and polyfluoroalkyl substances (PFAS) from water. These PFAS compounds鈥攃haracterised by having three or fewer carbon atoms鈥攁re among the smallest and most challenging to eliminate through conventional water purification methods.Lewatit MDS TP 108 marks a significant advancement in the treatment of contaminated water, particularly where traditional technologies such as activated carbon adsorption fall short. The new resin offers a service life..
