Valeo has been chosen by Mahindra & Mahindra (M&M), to provide the electric powertrain for a new range of electric vehicles. Valeo will supply powertrain to M&M’s “Born Electric” passenger vehicle platform as well as an on board charger combo for electric utility vehicles.
Valeo says the total order is close to $1bn and was included in the total orders for high voltage powertrain announced in Valeo’s Q3 results.
Valeo will invest close to the Mahindra plant in Pune, Maharashtra to localise the production of the electric powertrain in India. It will include the electric motor, its inverter, and the gearbox, as well as the integrated 3-in-1 bi-directional Combo power electronics that integrates the Onboard Charger (OBC), the DC-DC converter and the Power Distribution Unit (PDU).
Xavier Dupont, Valeo Powertrain Systems Business Group President, said: “Our solutions, developed and manufactured locally, will support Mahindra & Mahindra in offering Indian customers electric vehicles with higher voltages and longer range. This partnership with Mahindra & Mahindra is a major step forward for Valeo in the Indian EV market.“
Jayakumar G, Group President & Managing Director, Valeo India added: “We are proud to be associated with Mahindra & Mahindra to equip their latest EV platform with our electrification technologies. We will be investing to localise the production of this new order in India. I would like to express our hearty thanks to the management of Mahindra & Mahindra for their trust and confidence in Valeo. This is only the beginning of the EV transition and Valeo is accelerating to be ready to take on the EV revolution in India and contribute to greener and safer mobility.“
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According to Vinod Sahay, President and Chief Purchase officer – Auto & Farm Sectors – Mahindra & Mahindra Ltd: said: “At Mahindra, our vision is to be leaders in the electric mobility revolution by bringing in cutting-edge world-class technology into our authentic electric SUV product portfolio, not just for India but for global markets. This collaboration with Valeo is an important step to achieve our ambitious electric vision. The localisation of their technology solutions also signifies their bold commitment towards electrification of the Indian market.“
R Velusamy, President – Automotive Technology and Product Development, Mahindra & Mahindra Ltd., added: “The collaboration with Valeo is in alignment with our “Born Electric” vision. Valeo’s electrification technology compliments our purpose-built INGLO platform, which serves as the backbone of Mahindra’s EV architecture and its human-machine interface. This partnership is a significant step towards fulfilling our commitment to offer sustainable, cutting-edge mobility solutions, not just in India but globally.”