India, Feb. 16 -- Volkswagen Group and Mahindra and Mahindra Ltd. (MandM) have signed the first supply agreement on components of Volkswagen's MEB for Mahindra's purpose-built electric platform INGLO, taking a definitive step further on their joint vision for e-mobility collaboration. The deal covers the supply of certain electric components as well as unified cells. With the agreement, Volkswagen and Mahindra are further deepening their collaboration which started with a partnering agreement and a term sheet in 2022. Both companies will continue to evaluate a potential expansion of the collaboration.
Mahindra will be the first external partner to use the groundbreaking unified cell concept, the core element of Volkswagens battery strategy...