Mahindra & Volkswagen in talks for EV component collaboration

06 Sep 2023 CW Team

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.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..