Volkswagen and Mahindra & Mahindra Ltd (M&M) are exploring the use of MEB electric components for Mahindra’s new “Born Electric Platform”. The two parties announced today that they signed a partnership agreement on May 18 to review the scope of cooperation. Mahindra plans to equip its “Born Electric Platform” with MEB electrical components such as electric motors, battery system components and battery cells. The partnership agreement outlines the scope of cooperation – it identifies the binding principles for the evaluation phase as well as the non-binding scope of provision. The Binding Supply Agreement will continue to be negotiated in a constructive and legally compliant manner with a view to completion by the end of 2022.
Designed as an open vehicle platform, the MEB Electric Platform and its components allow car manufacturers to build their portfolio of electric vehicles, quickly and cost-effectively.
The joint objective of the two companies is to electrify the Indian automotive market, one of the most important markets for automotive growth and a key factor in the global decarbonisation of the mobility sector.
Thomas Schmall, Member of the Volkswagen Group Board of Management for Technology and CEO of Volkswagen Group Components: “Mahindra is a pioneer in the electric mobility space in India and a perfect partner for our MEB electric platform. Together with Mahindra, we want to play a significant role in India’s electrification, a huge automotive market with huge growth potential and high relevance for climate protection. This is further proof that MEB is technologically advanced and highly competitive in terms of price. MEB is thus gradually developing into a leading open platform for e-mobility, generating significant economies of scale and scope. This EV is important for every company in the world and is the key to a competitive solution for our customers.
Commenting on the partnership, Rajesh Jejurikar, Executive Director, Auto & Farm Sector, Mahindra & Mahindra Limited, said: “We are delighted that Volkswagen, a leading global investor in the electric mobility space, is one of our acquisition partners. As a strategic partner, the ambitious Born Electric Wesson, complementing their extensive technology, innovation and vertical integration across supply chains, will provide a framework to develop our next generation “Bourne Electric Platform”, which Oxfordshire U. Coming soon in K. Our teams in India, UK and Detroit are passionately building a breathtaking future.
India is one of the global top-5 automotive markets with around 3 million vehicles per year. According to current forecasts, the market may grow to 5 million vehicles by 2030. So far, the market has been dominated by vehicles with diesel or petrol engines. However, at the 2021 climate summit in Glasgow, India pledged to register only zero-emission passenger cars and vans, starting in 2035. As a result, electrification of the passenger car segment is expected to gain significant momentum in the coming years. Industry experts estimate that more than half of all new vehicles will be fully electric by 2030.
Already today, Volkswagen’s MEB electric platform is used by group brands Volkswagen, Audi, SKODA and SEAT/CUPRA, as well as by external partners. Responsibility for these partnerships has been assigned to a “Platform Business” unit created specifically for this purpose.