Mahindra Group inks pact with Volkswagen to expand EV range

India's Mahindra & Mahindra plans to get additional components from other companies to expand its range of electric vehicles (EV).

Mahindra previously focused on making EV components in-house, but has now shifted to building partnerships to achieve faster development in the category.

Mahindra signed a partnership agreement with Volkswagen to explore the use of Volkswagen engines, battery system components and cells in its EVs.

While Mahindra is investing heavily in building its electric vehicle portfolio, it will face stiff competition from Tata Motors in India, where the clean mobility sector is booming.

Anish Shah, the general manager and CEO of Mahindra Group, told media that the world is increasingly focused on partnerships.