Mahindra and Ford sign five MOUs to co-develop midsize and compact SUVs, electric vehicle and connected car solutions over the next 3 years
Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small electric vehicle as part of several initiatives announced on March 22.
The two companies signed five new memoranda of understanding (MoU) covering new elements of their strategic alliance that will see the development of key products in India and other emerging markets. The MoUs, which are non-binding, mark the progress made by the two companies since their partnership was formalised in September 2017.
Under the initiatives, Mahindra and Ford will co-develop a midsize sports utility vehicle (C-SUV). Built on the Mahindra platform, the new SUV 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 the former’s powertrains to “extend Ford’s product range.”
However, further details of what this EV might look like, or what platform it may be based on, were not published.
The two also announced plans to co-develop a suite of connected car solutions for consumers.
“Today’s announcement is the next step in the collaboration between Mahindra and Ford,” said Mahindra and Mahindra managing director Dr Pawan Goenka. “Both teams are working together on joint development areas in keeping with industry requirements and leveraging mutual strengths. We are excited about the synergies unveiled through this collaboration and the potential opportunities it will bring.”
“Ford is committed to offering the best vehicles, technologies and services that fit the lifestyles and preferences of Indian consumers,” said Ford executive vice president and president of Global Markets, Jim Farley. “Listening to our customers and incorporating their future needs is the core premise of this collaboration. With utility vehicles and electrification as key focus areas, we are glad to see the progress our two companies have made.”
Mahindra owns a majority stake in Ssangyong Motor Company in Korea, and is currently developing products like the GenZe – an electric connected scooter. Currently it offers four EV models: the e20plus compact, the eVerito sedan, eSupro cargo van and the eAlfa rickshaw.