Maruti, Mahindra and Tata to jointly develop EV and hybrid components
In what can be terms as an interesting alliance, the three major Indian automakers Maruti Suzuki, Mahindra and Tata Motors have teamed up to invest and develop components and systems for hybrid and electric vehicles. Talking to The Hindu BusinessLine, Arvind Mathew, CEO of Mahindra Reva, stated that the objective of the alliance is to ensure common standards and a low overall cost structure.
This collaboration arrangement between the Indian automakers is expected to promote the acceptance of green vehicles by driving costs down. The association is most likely to be a part of the Indian government’s initiative to develop hybrid and EV platforms in association with automakers.
The platforms thus jointly developed would have common components but each of the participants will have their own software IPs and vehicle designs. The government is also working with CV makers to develop green platforms for public and goods transport.
Also read – Mahindra e2o four-door variant spied
Maruti Suzuki, Mahindra and Tata Motors joined hands after the government announced the FAME (Faster Adoption and Manufacturing of hybrid and Electric vehicles) scheme which offers incentives for customers who opt for hybrid cars or EVs. FAME which has a budget allocation of INR 795 crores over a period of two years is a part of the grander NEMMP 2020 (National Electric Mobility Mission Plan).
Mahindra e2o – Photos
Via – Thehindubusinessline.com