Mahindra Group and Ford Motor Company will jointly
develop new SUVs, and a small electric vehicle as part of several initiatives
announced between the two companies.
The two companies signed five new memoranda of
understanding (MoU) that 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
Building on the collaboration, Mahindra and Ford also
announced plans to co-develop a suite of connected car solutions for consumers.
The collaboration is in line with Ford’s commitment to helping people around
the world move more safely, confidently and freely.
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