Mahindra and Mahindra Ltd and Ford India Pvt. Ltd. have signed two definitive agreements on powertrain and connected car solutions on Wednesday, thereby strengthening their strategic alliance that started in September last year.
The companies have also signed five Memoranda of Understanding (MoU) earlier this year in March 2018.
Under the definitive agreement on powertrain sharing, Mahindra Group 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, that currently includes the all-new 3-cylinder TiVCT family, Mahindra said in a statement to Bombay Stock Exchange.
Building on their intent to co-develop a suite of connected car solutions, Mahindra and Ford also announced joint development of a telematics control unit. Once developed, the connected vehicle solution will be deployed across both Mahindra and Ford vehicles, the statement added.
Speaking about the newly signed agreement, Dr. 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,” Pawan added.
Both companies continue to make 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.
“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,” he added.
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