Mahindra, Ford to co-develop compact & midsize SUV, EV

The Mahindra Group and Ford Motor Company have signed five new memoranda of understanding (MoU) to develop two new SUVs and a small electric vehicle (EV). Earlier, the two carmakers had announced a strategic partnership to develop new products for India and other emerging markets.

As part of the new initiative, Mahindra and Ford will jointly develop a mid-size, C-segment SUV that will be built on a Mahindra platform and will be sold independently by the two brands. The companies will also be evaluating a compact SUV and an EV. Moreover, Mahindra-sourced engines will power Ford’s future products in India. The two carmakers have also announced plans to co-develop a suite of connected car solutions. 

It is a mutually beneficial alliance, as Mahindra will be looking to leverage Ford's global reach, while Ford will benefit from Mahindra's scale and operation model in India. Teams from both companies will work together for a period of atleast three years and will collaborate to address future mobility requirements of the marketplace.