Volkswagen and Mahindra expand cooperation on electric vehicle components – 08/15/2022

Volkswagen and Mahindra expand cooperation on electric vehicle components – 08/15/2022


FRANKFURT (Reuters) – Volkswagen and Mahindra expanded their partnership on Monday with a pledge that the German automaker will supply electric components.

The deal includes components of Volkswagen’s open platform for electric vehicles, called MEB, which will be fed to Mahindra’s new INGLO electric platform, the companies said.

The INGLO platform, which will power all Mahindra vehicles, offers options ranging from battery capacities from 60 to 80 kilowatt hours (kWh) and fast charging up to 80% in less than 30 minutes, Mahindra said.

Tata Motors, which currently dominates the electric vehicle market in India, says the Nexon EV’s 40.5 kWh battery pack offers a range of 437 km.

The partnership targets a volume of more than 1 million vehicles by 2030 and includes components for five INGLO-based electric sport utility vehicles (SUVs), the companies said.

“The partnership not only shows that our platform business is very competitive, but also that MEB is on its way to becoming one of the most open platforms for electric mobility,” said Thomas Schmall, member of Volkswagen’s board of directors.

Schmall declined to provide figures for the deal, but said the plan will translate into significant operating results that he says are comparable to the Volkswagen Group’s mid-size brand.

The automakers said in May that they were exploring an electrification partnership, making Mahindra the second MEB platform customer after Ford, and that they would complete the deal by the end of 2022.

(By Christoph Steitz and Chris Thomas)