Earlier this year, we saw Mahindra and Ford sign MoUs to co-develop new products which includes an electric vehicle too. Two days ago, the duo have signed two more agreements, of which, one is regarding powertrain sharing.
According to the agreement, Mahindra will develop and supply a low-displacement petrol engine to Ford India for use in its present and future vehicles, starting in 2020. The BS-VI compliant powertrain will help Ford extend and strengthen its existing offering of petrol engines, which currently includes the new 3-cylinder Ti-VCT family.
Both companies also announced joint development of a telematics control unit. Once developed, the connected car solution will be deployed across both Mahindra and Ford vehicles.
Pawan Goenka, Managing Director, Mahindra and Mahindra Ltd. said – “Today’s announcement further builds on commitments made so far, leading to a fruition of exciting new opportunities. We are confident to meet customer expectations by working together on a number of joint development areas. Going forward we will continue to identify the synergies that exist between the two companies.”
“We are pleased with the progress our teams have made since we announced our strategic alliance with Mahindra Group a year ago,” said Jim Farley, Ford executive vice president and president of Global Markets. “Today we go further in delivering even greater value. With our collaboration in powertrain and connected car solutions, we will deliver an affordable portfolio and enable our Indian consumers to get behind the wheel, feeling more confident and connected.”
Both companies also said that they’re making progress on the remaining MoUs signed earlier this year. This includes leveraging their respective strengths on product development for India and emerging markets, including co-development of compact SUVs and electric vehicles.