The Mahindra Group announced the withdrawal
of Mahindra Racing from the Moto3 World Championship series after the
conclusion of the 2017 season. The move comes in as a result of a shift in the
racing division's focus toward electric vehicle racing. The company now plans
to focus on its FIA Formula E team which recently won its first race in Berlin
and currently is in third position in the overall standings.
The company entered the MotoGP
back in 2011 in a bid to improve its technological prowess in the two wheeler
space. Mahindra Racing has recorded 13 podium finishes including three race
wins in the Moto3 category with their MGP3O race bike.
Mahindra has also recently
announced its EV 2.0 strategy for the next generation of electric vehicles for
Mahindra Racing's participation in
the Formula E is critical to their global strategy and will help them develop
and work with technology for the track which may find its way to road legal EVs
as well. Under the EV 2.0 strategy Mahindra will make investments to
consolidate and build up the manufacturing and charging infrastructure as well
as to develop new high end electric power-trains.
Mahindra's MGP3O race bike will
continue to participate till the end of the 2017 season and receive full
engineering and on-track support from Mahindra Racing for the factory-backed
Aspar team and its two customer teams, CIP and Peugeot Saxoprint.
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