Volkswagen, Mahindra explore partnership for electric vehicle components
Germany’s Volkswagen AG is exploring a partnership to supply electric components to Indian automaker Mahindra and Mahindra, the companies said on Thursday.
Volkswagen and Mahindra are evaluating the scope of the collaboration and expect to finalise the supply agreement by the end of 2022, they said.
Mahindra is building a ground-up electric vehicle (EV) platform called “Born Electric”, in which it plans to use components such as electric motors, battery system parts and battery cells sourced from Volkswagen.
The partnership comes at a time when Prime Minister Narendra Modi’s administration is offering companies billions of dollars in incentives to build EVs and their parts locally, as India looks to meet its climate change and carbon reduction goals.
