Mahindra & Mahindra (M&M) is in advanced talks with Volkswagen to use key electronic components of the German automaker’s electric vehicle open platform MEB.
“The Volkswagen Group is currently in advanced negotiations with Mahindra, another important partner. Mahindra wants to use key MEB components such as electric drives and unified batteries in its models,” said a statement from the Volkswagen Group.
Furthermore, VW says that the key to reducing battery costs by up to 50 percent compared to first-generation MEBs is the unified battery.
“The group is integrating the development and production of batteries into its value chain with PowerCo. The aim is to keep a significant part of the value creation of pure electric vehicles in-house. Standardized battery factories and other innovations such as dry coating and Low-cost battery chemistries of cobalt and nickel. This makes electric mobility affordable and more sustainable for a wider population,” the statement said.
In 2022, the two companies announced a collaboration to explore an alliance to accelerate electrification in the country and supply MEB electrical components for Mahindra’s electric vehicles.
M&M will use the MEB platform in its electric vehicles. The company will launch five products from its new INGLO electric vehicle platform.
Born Electric (BE), XUV.e, THAR.e, SCORPIO.e and BOLERO.e will be launched by Mahindra & Mahindra. The company demonstrated the THAR electric vehicle concept on August 15 in Cape Town, South Africa.
The electric vehicles will be produced at the company’s Chakan plant, which has a capacity of 200,000 units. Electric vehicles are expected to reach full production between 2027 and 2029.
In addition, M&M also said that in the second phase of the expansion, the company will plan to expand its electric vehicles to new global markets, including the United Kingdom and Europe.