Mahindra and Volkswagen explore strategic alliance to accelerate electrification of Indian automotive market

• Volkswagen Group and Mahindra sign term sheet on supply of MEB electric components for Mahindra’s new electric SUV family
• Both companies will explore further potential opportunities for collaboration in India in the field of e-mobility, including vehicle projects, charging and energy solutions and cell manufacturing
• Volkswagen is well on track to unlock the full potential of its platform business as part of the new auto strategy

Banbury/Mumbai/Wolfsburg, August 15, 2022 &n