Ford And Mahindra To Build New Electric Vehicles, SUVs For Emerging Markets

Ford Motor Company F has signed five new memoranda of understanding with Mahindra & Mahindra Limited, an Indian automotive manufacturing company, to develop a new electric vehicle and sports utility vehicles (SUVs). Both the companies will strengthen their strategic coalition and develop products for emerging markets, including India.

Announced in September 2017, the recently signed alliance will jointly develop a midsize SUV on Mahindra's platform. However, the new SUV will be sold by both companies under separate brands.

Additionally, the alliance will evaluate on co-developing an electric vehicle and a compact SUV by utilizing shared powertrains. In order to widen Ford's vehicle offering, it might use Mahindra's powertrains. The collaboration also has plans to jointly develop a suite of connected car solutions, which is in sync with Ford's commitment to offering safer options for its consumers, globally.

Beside electrification and utility vehicles as key spotlight areas, both the companies will work on the needs of consumers while leveraging on the benefits of Ford's skill and global reach and Mahindra's presence in India. With these new initiatives, the alliance aims to make synergies and strengthen efficiencies.

Moreover, teams from Ford and Mahindra will look for avenues of strategic cooperation to deal with future mobility needs while supporting Mahindra's reach in emerging markets and Ford's manufacturing and distribution networks.

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