the same time, it’s an opportunity that can’t be ignored. India’s population makes for a large market, and it’s also one of the top global emitters. As the country develops and becomes more wealthy , it’s in everyone’s best interest that it doesn’t do this with fossil fuels.
The two firms plan to collaborate on the manufacture of 1 million electric vehicles over their lifetimes, with 5 all-electric SUVs equipped with MEB components. Furthermore, the two businesses will look for further opportunities for collaboration, hinting at a broader strategic partnership to speed up the electrification of India’s automobile industry.
“The signing of the techno-commercial term sheet is a significant step forward in our partnership with Volkswagen. Our purpose-built INGLO platform offers unmatched potential for growth and further customization for developing new and innovative products, not just for India, but for global markets,” said Rajesh Jejurikar, Executive Director, Auto and Farm Sectors, Mahindra & Mahindra Ltd.
The long-term plan has to be local manufacturing, but there’s nothing about the MEB platform that prevents that. Unlike many other automotive platforms,. It even gets used in boats. Swapping out individual components for those manufactured in India is definitely possible. This could give India and Mahindra the bump they need to get local demand going and get manufacturing started to further reduce costs.
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