French automotive supplier Valeo on Monday announced a partnership with Mahindra & Mahindra, India’s leading SUV maker.
Cooperation involves a significant amount of approximately one billion dollars to supply the traction chain for Mahindra & Mahindra’s upcoming electric SUV, ‘Born Electric’.
A breath of fresh air for Valeo?
Production will be localized with a strategic investment near the brand’s Pune plant. This will cover the electric motor, its inverter, gearbox and integrated 3-in-1 Combo two-way power electronics. The latter combines an on-board charger (OBC), a DC-DC converter and a power distribution unit (PDU).
In addition to the transmission, Valeo will also supply the on-board charger for the manufacturer’s electric vehicles.
Xavier DuPont, President of Valeo’s Power Systems Division, was excited about the partnership, saying: “Our locally designed and manufactured solutions will enable Mahindra & Mahindra to offer its Indian customers electric vehicles with higher voltages and increased range. »
Vinod Sahai, President and Chief Procurement Officer for Automotive and Farms at Mahindra & Mahindra added, underscoring the importance of this collaboration in realizing their ambitious electrification vision. “The localization of their technology solutions also demonstrates their commitment to the electrification of the Indian market”emphasized Sahai.
India is going completely electric
Remember that the Indian government is pushing local producers to accelerate electricity production 30% and 100% of electric cars on their territory by 2030. Forecasts to 2027 predict a market explosion with more than 6.3 million EVs sold per year.
Another Indian manufacturer, Tata, is also preparing to launch a new line of electric vehicles with four models: Nexon, Punch, Harrier and Curvv. As for Mahindra, it is planned to release five electric SUVs in India by 2026.
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Source: Auto Plus
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