Ford Motor Company and the Mahindra Group have announced that they will “jointly develop” new SUVs and a small electric vehicle as part of several initiatives between the two firms.
The news comes after an announcement in 2017 that the two automakers would “explore a strategic alliance”.
Ford and Mahindra have now signed five new, non-binding memoranda of understanding to “accelerate the development of key products for consumers in India and emerging markets”.
Under the initiatives, the companies plan to co-develop a midsize SUV. Built on a Mahindra platform, Ford says the proposed new SUV would be “sold independently by both companies as separate brands”.
Ford and Mahindra also agreed to evaluate co-development of a compact SUV and electric vehicle, along with sharing powertrain portfolios, interestingly including the supply of Mahindra powertrains to extend Ford’s product range.
