Ford to join hands with Mahindra for electric vehicle production
Date: 2017-11-22   Author: Dhananjay Punekar  Category: #news

Ford to join hands with Mahindra for electric vehicle production

The Ford Motor Company, a U.S. based automobile manufacturer, and its Indian counterpart Mahindra & Mahindra Limited are likely to manufacture their own electric cars in India to reduce road pollution occurring due to fuel emissions from the automobiles. According to reliable sources, Mahindra & Mahindra, which manufactures e2o micro electric vehicles, is anticipated to develop a new electric vehicle line in the country by collaborating with Ford India.

Earlier in September this year, Mahindra and Ford entered a strategic alliance for jointly working on the production of connected cars, electric vehicles, and their distribution. With both the giant automobile manufacturers endowed with the expertise to develop SUVs, this collaboration is anticipated to result in the rapid expansion of the automobile business across the country. Industry experts also claim that India has a huge potential of becoming the world’s third biggest automobile market. Both the firms are expected to sign a three-year strategic partnership deal, which will help them reduce vehicle production costs, increase their ROI, and create new car models.

The key officials of Mahindra & Mahindra Limited are of the opinion that the production of electric vehicles will support the Indian government’s motive of annihilating gasoline-powered internal combustible engines by 2030, making India a leading business destination for electric vehicles. The announcement of the strategic partnership led to Mahindra’s shares closing at INR 1416 as on 21st November 2017.

As per industry analysts, the hazardous pollution in the country arising due to vehicular emissions and the dire need to maintain the ecological balance has prompted the Indian Government to undertake the initiative of producing cars powered by electricity. Experts also cite that the adoption of growth tactics such as mergers & acquisitions as well as joint ventures between giant automobile firms would most certainly boost the growth of India electric vehicle market.



About Author


Dhananjay Punekar

Dhananjay Punekar

Dhananjay currently works as a content writer at AlgosOnline. A post graduate in mathematics as well as business administration, he worked as a process executive in Infosys BPO Limited before switching his professional genre. Following his childhood passion, he opted fo...

Read More

More from Dhananjay


Post Recommendents

Recent Research: Detailed Analysis on Carbide Tool Inserts Market Size with Forecast to 2025
Author: Ashwin Naphade

Global Carbide Tool Inserts Market Size 2019-2024 report covers emerging opportunities in the market and the future impact of major Key vendors and Market driver and, support decisions in making cost-effective business decisions. The market report...


CBN Inserts Market Size Forecast 2020-2025 Made Available by Top Research Firm
Author: Ashwin Naphade

Global CBN Inserts Market Report to 2024 offers industry overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/tr...


Cutting Tool Insert Market Size 2020: by Manufacturers, Countries, Type and Application
Author: Ashwin Naphade

Global Cutting Tool Insert Market Report Renders deep perception of the Market Segment by Regions, market status of the Cutting Tool Insert on a global level that primarily aims the core regions which comprises of continents like North America, Eu...