Mahindra & Volkswagen in talks for EV component collaboration
ECONOMY & POLICY

Mahindra & Volkswagen in talks for EV component collaboration

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
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?