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 Electric / Autonomous
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 News
Feb 16, 2024

On February 16, Volkswagen Group signed the first supply agreement with Mahindra & Mahindra Ltd. (M&M), regarding components from Volkswagen's MEB for Mahindra's INGLO electric platform. The partnership with Mahindra is led by Volkswagen Group Technology and its “Platform Business” unit in close cooperation with Škoda Auto Volkswagen India Pvt. Ltd.

The agreement covers the supply of certain electric components as well as unified cells, making Mahindra the first external partner to use the unified cell concept, the core element of Volkswagen's battery strategy. The supply agreement will run over several years and will have a total volume of about 50 GWh over a lifetime.

Mahindra aims to introduce five all-electric SUVs in India, based on its newly developed, purpose-built electric platform INGLO, starting in December 2024.

Based on Volkswagen Group press release

Feb 15, 2024

On February 14, Mahindra mentioned that it is on track to achieve the Q4 FY 2024 ending March exit capacity for its SUVs with capacity standing at 49,000 for the period, as compared to 39,000 in Q4 FY 2023 and 29,000 in Q4 FY 2022. It mentioned that the Q4 run rate is expected to be flattish due to XUV300 ramp-down for midcycle enhancement -and further variant level demand vs capacity mismatches.
Mahindra’s average monthly bookings continued in the range of 50,000 per month, while the delivery average increased to 40,000 per month. Its open bookings for Q3 stood at 226 thousand.

Based on Mahindra and Mahindra Analyst/Institutional Investor Meeting

Feb 05, 2024

On February 2, Mahindra & Mahindra Ltd. (M&M Ltd.) presented its portfolio at the Bharat Mobility Global Expo 2024. It showcased its Born Electric BE.RALL-E, Electric XUV400, electric three-wheeler Treo, Zor Grand, XUV400, XUV700, Thar, Scorpio-N, and Supro Profit Truck Excel. 

Mahindra also showcased its Flex Fuel Vehicle (FFV) technology with FFV engines which are engineered to operate efficiently on a wide range of ethanol-blended fuels, from 20% to 85% (E20 to E85).

Based on Mahindra & Mahindra press release