Ford and Mahindra are teaming up to bring the world yet more crossovers and electric vehicles.
The two massive automakers already have a strategic alliance signed in September of 2017, but now both Indian carmaker Mahindra Group and Ford Motor Company have signed five memoranda of understanding to jointly develop several new cars, including two SUVs and an electric vehicle.
The memoranda are non-binding, but the alliance has thus far proven beneficial for both companies, so expect to hear about some signed contracts later this year.
First up for the two companies is a brand new mid-size SUV to be jointly developed by both companies. This mid-size SUV will be built on Mahindra’s platform but will be sold in both India and the United States under each company’s brand.
The two companies will also co-develop a compact SUV/crossover as well as an electric vehicle of some kind, although neither company elaborated on just what kind of EV they plan to make. Maybe they haven’t decided yet, or maybe they want to serve a segment that hasn’t been electrified, like minivans or pickup trucks.
One of the memoranda letters also stated the companies will share powertrain lineups, giving Mahindra access to Ford’s lineup of larger V6 and V8 engines while Ford gets access to Mahindra’s significantly smaller but more fuel-efficient engines.
Finally, both companies agreed to collaborate on creating a suite of "connected car solutions for consumers", whatever that means. Again, neither company chose to elaborate on just what kind of solutions their consumers are after that requires them to be connected.
Ford says that the strategic alliance with Mahindra will continue for up to three years, although it could last longer if things keep going well. Ford will also provide Mahindra will access to global and emerging markets, including the US, and provide assistance with manufacturing and distribution networks.
“Ford is committed to offering the best vehicles, technologies, and services that fit the lifestyles and preferences of Indian consumers,” said Jim Farley, Ford executive vice president and president of Global Markets. “Listening to our customers and incorporating their future needs is the core premise of this collaboration. With utility vehicles and electrification as key focus areas, we are glad to see the progress our two companies have made.”