Volkswagen to supply MEB components for Mahindra's EV platform

Volkswagen announced that it will supply components from its Modular Electric Drive Matrix (MEB) toolkit for Mahindra’s Inglo. The two global brands signed a term sheet, which deepens the partnering agreement forged earlier this year.

The components include the electric drivetrain,  battery system, and Volkwagen's unified cell.

According to the German automotive brand, the cooperation intends to have a volume of more than one million units and includes the equipment featured on the five recently-unveiled all-electric sport utility vehicles (SUV) by Mahindra.

“We are happy that we have identified a larger scope of collaboration between our two companies. Together, Volkswagen and Mahindra can contribute significantly to the electrification of India, a huge automotive market with ambitious climate protection commitments. The MEB electric platform and its components are key to affordable sustainable mobility around the globe. The partnership not only demonstrates that our platform business is highly competitive, but also that the MEB is well on track to become one of the leading open platforms for e-mobility. We are thus delivering on the focus of our Volkswagen New Auto strategy to make the platform business a strong pillar of our Group and to unlock future profit pools through economies of scale,” commented Volkswagen Group Components Chief Executive Officer (CEO) Thomas Schmall.

The term sheet, per Volkswagen, covers all major commercial and technical terms along with a path to the potential localization of the battery system. The Wolfsburg-headquartered car brand added that the final supply agreement will be negotiated in a continued constructive and legally compliant way by the end of the year.

In addition, both companies agreed to further explore the potential areas of collaboration in the field of e-mobility, which includes vehicle projects, battery cell manufacturing localization, as well as charging and energy solutions for the electric ecosystem in the Indian automotive market.

“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. Our vision is to lead the electric mobility revolution in India by bringing authentic electric SUVs with cutting-edge technology, as showcased in the UK today. We are very pleased to explore further areas of potential collaboration with Volkswagen and are confident that together, we will be able to shape an exciting electric future,” said Mahindra & Mahindra Ltd. Auto and Farm Sectors Executive Director Rajesh Jejurikar.

The five EV SUV launched by Mahindra are XUV.e8, XUV.e9, BE.05, BE.07, and BE.09. The first four of aforementioned vehicle, according to Mahindra, will be launched between 2024 and 2026.

“We are proud and delighted to showcase our Born Electric vision. It provides a strategic direction that is in line with our core philosophy of ‘Rise’ — to be an organization that will be counted among the best in the world and at the same time rise for our planet to fight against climate change. Mahindra will offer customers future-ready technology, head-turning design, world-class products, and the benefits of global partnerships. By 2027, we expect that a quarter of the SUVs we sell will be electric,” said Mahindra Group Managing Director and CEO Dr. Anish Shah.

Photos from Volkswagen and Mahindra

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