Indian SUV maker Mahindra plans to use MEB electric components from Volkswagen for its new Born Electric Platform

Signing of the Partnering Agreement: Thomas Schmall, Volkswagen Group Board of Management member for Technology and Rajesh Jejurikar, Executive Director, Auto and Farm Sectors, Mahindra and Mahindra Ltd. (front row, from right to left)

• Indian SUV major Mahindra intends to equip its Born Electric Platform with MEB electric components from Volkswagen.
• Partnering agreement signed in Chennai on 18th May evening.
• Binding supply contract planned to be concluded by end of 2022.
• At the Glasgow Climate Change Conference, India committed itself to 100 % zero-emissions vehicles from 2035 onwards

(PRESS RELEASE) MUMBAI/ WOLFSBURG, 19-May-2022 — /EuropaWire/ — Volkswagen Group (ETR: VOW3), one of the world’s leading manufacturers of automobiles and commercial vehicles, has announced that Indian SUV maker Mahindra (Mahindra & Mahindra Ltd.) plans to use MEB electric components from Volkswagen for its new Born Electric Platform as part of a new Partnering Agreement signed on 18th May, 2022 between the two companies. The MEB electric components include things such as electric motors, battery system components and battery cells. The Partnering Agreement evaluates the scope of collaboration and indicates binding rules for the evaluation phase as well as the non-binding scope of supply. The binding supply agreement will be negotiated in a continued constructive and legally compliant way and is expected to conclude by the end of the year.

Designed as an open vehicle platform, the MEB electric platform and its components allows car manufacturers to build their portfolio of electrified vehicles, quickly and cost-effectively.

The shared objective of the two companies is to electrify the Indian automotive market, one of the most important automotive growth markets and a key element in the global decarbonisation of the mobility sector.

Thomas Schmall, Volkswagen Group Board of Management member for Technology and CEO of Volkswagen Group Components: “Mahindra is a pioneer in the electric mobility space in India and a great partner for our MEB Electric Platform. Together with Mahindra, we want to contribute significantly to the electrification of India, a huge automotive market with enormous growth potential and high relevance for climate protection. It’s another proof point that the MEB is both technologically state of the art and highly competitive in terms of cost. The MEB is thus progressively developing into the leading open platform for e-mobility, generating significant volume and economies of scale. That’s crucial for every company in the EV world and the key to competitive solutions for our customers.”

Commenting on the partnership, Rajesh Jejurikar, Executive Director, Auto and Farm Sectors, Mahindra & Mahindra Ltd., stated: “We are very pleased to have Volkswagen, a significant global investor in the electric mobility space, as a strategic partner in achieving our ambitious Born Electric Vison. The complementarity of their extensive technology, innovation, and vertical integration in supply chains, will provide a framework to develop our next gen “Born Electric Platform”, to be revealed soon in Oxfordshire UK. Our teams across India, UK and Detroit are passionately creating a breath-taking future.”

India is one of the Global Top-5 Automotive Markets with about three million vehicles per year. According to current forecasts, the market could grow to up to five million vehicles by 2030. So far, the market has been dominated by vehicles with diesel or petrol engines. However, at the 2021 Climate Summit in Glasgow, India undertook only to register zero-emission passenger cars and vans, starting in 2035. As a result, the electrification of the passenger car segment is expected to gain significant momentum in the coming years. Industry experts anticipate that in 2030 more than half of all new vehicles will be fully electric.

Already today, Volkswagen’s MEB Electric Platform is used by the Group brands Volkswagen, Audi, SKODA and SEAT/CUPRA as well as external partners. Responsibility for these partnerships has been assigned to the “Platform Business” unit created specifically for this purpose.

Media contacts:

Andreas Groß
Volkswagen Group Components | Spokesperson Corporate
Tel. +49 (0) 5361 / 9-89043
andreas.gross1@volkswagen.de

Pramuch Goel
Mahindra Group | Vice President & Head of Group Communications
pramuch.goel@mahindra.com

SOURCE: Volkswagen AG