Volkswagen and M&M (Mahindra & Mahindra) have recently announced that they are entering into a partnership to discover the usage of modular electric drive matrix (MEB), the electric components of Mahindra’s new platform known as “Born Electric Platform.”
Under this agreement, the binding rules for the evaluation phase will be assessed along with the non-binding scope of supply, said the companies in a joint statement.
Both firms share the same goal of captivating the Indian automotive market, one of the key automotive growth markets and a vital element in the global decarbonization of the mobility sector.
The agreement for binding supply is expected to be negotiated and finalized by the end of 2022, the automakers said.
Mahindra, with this partnership, seeks to arm its “Born Electric Platform” with battery cells, electric motor and battery system components, and the MEB electric components.
The MEB electric platform and its components will empower car manufacturers to develop their electric vehicle portfolio cost-effectively and quickly.
Thomas Schmall, CEO of VW Group Components and VW Group Board of Management member for Technology, said that this move signifies that the MEB is highly competitive in cost and technologically state of the art.
Hence it is developing progressively into the leading open platform for generating substantial volume, economies of scale, and e-mobility. This is crucial for every firm in the EV world and the key to offering viable solutions for customers.
Rajesh Jejurikar, Exec. Director, Auto, and Farm Sectors, M&M, said that the complementarity of their widespread innovation, technology, and upright incorporation in supply chains would offer a framework for developing the next-gen “Born Electric Platform” to be discovered in Oxfordshire UK soon. The UK, India, and Detroit teams are building a breathtaking future.
Source Credit - https://www.businesstoday.in/latest/corporate/story/volkswagen-mahindra-partner-to-explore-meb-electric-components-334199-2022-05-19