Mahindra and Ford Sign MoUs to Co-Develop Midsize and Compact SUV, Electric Vehicle and Connected Car Solutions

• Strengthen strategic collaboration focusing on product development for India and emerging markets
• Agree to evaluate co-development of compact SUV and electric vehicle, along with sharing powertrain portfolios
• Embark on joint development of connected vehicle solutions

Chennai, India, March 22, 2018 – Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small electric vehicle as part of several initiatives announced today between the two companies.