Research

Mahindra, Ford to develop SUVs, small electric vehicles

Mahindra, Ford to develop SUVs, small electric vehicles

Ford now ranks eighth among Indian automotive brands, total sales of about 88,000 vehicles last year ranking well behind Maruti Suzuki, the market leader which sold 1.60 million vehicles last year.

Ford and India's Mahindra & Mahindra on Thursday signed an agreement that will see the two companies working together to develop midsize and compact SUVs and an electric vehicle.

Mahindra's MD, Dr Pawan Goenka said, "Today's announcement is the next step in the collaboration between Mahindra and Ford". The new mid-size SUV will be sold by both Ford and Mahindra under their respective brands.

"Ford is committed to offering the best vehicles, technologies and services that fit the lifestyles and preferences of Indian consumers", he said.

The upcoming Mahindra XUV will share its underpinnings with the next-gen Ford SUV.

Last September, we learned that Ford was in talks with Mahindra to explore ways to expand into the Indian market and potentially collaborate on product development.

Читайте также: Former President Gayoom Plus Six Top Maldivians Charged With 'Terrorism'

It is hoped that with the support of Ford and Mahindra, as major manufacturers in a huge emerging market, such as India, could accelerate the technology even further.

The partnership also extends to developing a new sports utility vehicle (SUV) and connected auto solutions.

Collaborate to address future mobility needs.

Aiming to generate synergies and improve efficiencies with the new initiatives, the strategic alliance between the two companies continues to focus on leveraging the benefits of Ford's global reach and expertise and Mahindra's scale in India and its successful operating model. Mahindra's scale in India, it is nearly three times the size of Ford India, will enable Ford economies of scale in manufacturing which will help in bringing the cost of its products down in the domestic market. The two companies had joined hands back in 1995 to bring Ford's mid-sized saloon Escort in India.

On the world's largest automotive market, Ford has two ongoing partnerships, one with Changan Automobile Group and another Jiangling Motors Group, but their performance on the local market is declining.

The automaker describes Mahindra Group as a leader in the utility vehicle segment in India for 70 years.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2019 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог


  • Judge Tells Scott Walker He Can't Block Special Elections in Wisconsin

    Judge Tells Scott Walker He Can't Block Special Elections in Wisconsin

    Regardless of when their special elections occur, both vacant seats will be up for election again in November. If Walker were to order the elections on March 29, they would take place on June 5 or June 12.
    Nifty50 below 10000-mark, Sensex sheds over 500 points on sell-off

    Nifty50 below 10000-mark, Sensex sheds over 500 points on sell-off

    Jindal Steel, National Aluminium, Hindustan Zinc, Tata Steel, NMDC and JSW Steel fell up to 6.58% due to intense selling pressure. In a retaliatory move, China has also announced plans on Friday to impose tariffs on up to $3 billion of United States imports.
    Chattanooga area shows steady population growth

    Chattanooga area shows steady population growth

    The top 10 largest metro areas did not change rank. "I always take the census projections with a bit of a grain of salt", Mr. Recently, projects like Celebration Point and Butler Plaza are aiming to attract more people into Alachua County.
  • The co-founder of Whatsapp wants us to delete Facebook

    The co-founder of Whatsapp wants us to delete Facebook

    It happened ever since Facebook ventured into and misused the private information of about more ten million of its users. Facebook purchased the app in 2014 in a deal of cash and stock worth $19 billion, Facebook's largest acquisition.
    Ahead of Karnataka polls, Siddaramiah govt declares minority status to Lingayat community

    Ahead of Karnataka polls, Siddaramiah govt declares minority status to Lingayat community

    He said there were several sects within the Hindu religion and each can not be recognised as a separate religion. The Mahasabha has called the Karnataka government's decision an attempt to divide the community.
    Nintendo may be working on a Switch update with even better specs

    Nintendo may be working on a Switch update with even better specs

    The game features extensive crafting mechanics, allowing players to build their own bases to improve their chances of survival. Created alongside Abstraction Games , ARK: Survival Evolved is scheduled to launch this Fall 2018 to both digital and retail.
  • Existing-Home Sales Rose 3.0% in February

    Existing-Home Sales Rose 3.0% in February

    The median price of existing homes sold last month rose 5.9 percent from a year ago, to $241,700, another new record median price. Properties typically stayed on the market for 37 days in February, down from 41 days in January and down from 45 days a year ago.
    Aussies claim T20 tri-series opener over Indian eves

    Aussies claim T20 tri-series opener over Indian eves

    The loss of three wickets for a single run put the brakes on India's aggressive approach as the Aussies rocked back in style. Ashleigh Gardener and Ellyse Perry starred with the ball as they shared four wickets between them.
    Noles roll: Florida State beats Gonzaga 75-60 in 3rd NCAA upset

    Noles roll: Florida State beats Gonzaga 75-60 in 3rd NCAA upset

    As of Thursday morning, the Bulldogs are getting 57 percent of the wagers on this game as the favorite against Florida State . But he was on the best team and he was the best player, and most of the kids are undersized and not almost as athletic.
  • Cambridge Analytica behind Rahul Gandhi's 'Gabbar Singh Tax' phrase: Ravi Shankar Prasad

    Prasad said the government fully supports freedom of press, speech and expression and is for exchange of ideas on social media. Mr Mark Zuckerberg , you better know the observation of IT Minister of India .
    Apple Siri, how can you be so 'silly'

    Apple Siri, how can you be so 'silly'

    Apple has confirmed that they are working towards solving the problem of Siri reading aloud hidden notifications on iPhones. The bug was discovered in the latest version of iOS and appears to still be present in iOS 11.3 which is still in beta.
    Hideki Matsuyama beats Yusaku Miyazato in group stage at Dell Match Play

    Hideki Matsuyama beats Yusaku Miyazato in group stage at Dell Match Play

    Northern Irishman Rory McIlroy lost his opening match against Peter Uihlein at the World Golf Championships in Austin . Williams has been eliminated in the first round only four other times, most recently at the 2012 French Open.