Mahindra and Mahindra (M&M) which is India’s sole electric vehicle manufacturer is reportedly looking to partner with Ford Motor to build a new electric sedan. The move is geared towards capturing the growing electric vehicles market in India.

 
Mahindra is currently gearing up to procure a transportation software for its electric sedan. Through the partnership, Ford will have access to the Mumbai-headquartered automotive company’s EV technologies.
 
The partnership will offer Mahindra access to Ford’s global reach and advanced technologies. It will also enable the US-based automaker to gain a stronghold in the Indian automobile industry.
 
As per some reports, Aspire and Figo will most probably get the electric vehicle technology installed. A platform called Ka was built by the Michigan based company, which is used for operating hatchbacks like Figo and sub-4 meter sedans.
 
A source stated, “Pawan Goenka, along with his colleagues at Mahindra Electric, have inspected the platform while signing off on a partnership with Ford in September. Ford will get the electric technology of Mahindra. So far, that’s the only point of discussion in that direction.”
 
As per sources, the proposed partnership will focus on a number of different areas, including mobility programmes, product development, electrification, connected vehicles, sourcing, manufacturing, and distribution within India.
 
The development comes less than two weeks after the Indian government awarded Tata Motors the tender for 10,000 electric vehicles in NCR. Mahindra, one of the six companies bidding for the tender, later said that it would match Tata Motors’ lowest bid of $15,564 (INR 10.16 Lakh) per vehicle in a bid to partner with the government in its electric mobility project.
 
The strategic partnership between Mahindra and Ford is aimed at leveraging each other’s strengths to build an electric sedan for Indian customers, and ultimately bolster their foothold in the country’s fast-evolving electric vehicles industry.
 

Source : bizmap

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