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 global consumers.
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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