ET Auto reports that Mahindra & Mahindra and Ford are in the final stages of formalising the MoU announced in September last year. The strategic alliance will include platform sharing between the two companies across multiple segments.
According to the latest report, Mahindra will utilise Ford's B562 platform for an all-electric sedan. The B562 platform is the one the underpins the current Ford Figo and Aspire. Working together and the resultant platform sharing will help both companies significantly bring down development time for a new product.
Last month it was reported that Ford will bring out an electric variant of the Aspire developed with help from Mahindra. It is possible that both carmakers have agreed to share the platform and drivetrain for their upcoming EV.
Mahindra is currently the most prominent name in the Indian EV market. The company offers two products in the PV segment - E2O and e-Verito - and the e-Supro in the LCV segment. It is expected to launch an all-electric variant of the KUV100 before the end of 2018. The Mahindra e-KUV100 was showcased at the Auto Expo earlier in February this year. A report from December reveals that Mahindra Electric is plotting three new products that are scheduled to hit the markets by 2020.
[source - ET Auto]