- The new mid-sized SUV is expected to launch by 2020 in India
- Mahindra Group will develop a low displacement petrol engine for Ford
- The strategic partnership between Mahindra and Ford was announced in September 2017
Mahindra & Mahindra and Ford have officially announced that they jointly develop a mid-sized SUV for the Indian market. The all-new model will be built on a common Mahindra product platform and powertrain. Under the new agreement, both the companies will work together to introduce a benchmark product for India and other emerging markets. Both the automakers had formed a strategic alliance in September 2017, followed by an announcement on powertrain sharing and connected car solutions in October 2018.
Dr Pawan Goenka, Managing Director, M&M Ltd. said, “I am happy with the significant progress we have made and synergies we have created since the announcement of our strategic alliance with Ford in 2017. Today’s announcement is another significant step in the collaboration between our two companies. Having identified several areas for joint development, both companies will continue to work together to develop products using common product platforms. This will reduce product development costs and gain economies of scale for both companies.” Both the companies are focused on leveraging the benefits of each other -- Ford’s global reach and expertise and Mahindra’s scale and successful operating model in India.
Earlier this fiscal year, the alliance signed an agreement with Mahindra Group to develop and supply a low-displacement petrol engine for use in Ford’s present and future vehicles, beginning in 2020. Mahindra and Ford also announced joint development of a telematics control unit. “With today’s announcement, we not only strengthen our ongoing partnership with Mahindra but also sharpen our competitiveness in an important emerging market like India,” said Jim Farley, president of Ford New Businesses, Technology & Strategy. “Ford’s technological leadership combined with Mahindra’s successful operating model and product prowess will surely help us deliver a vehicle that will meet the expectations of customers in India as well as other emerging markets.”