Valeo to supply electric powertrain for Mahindra’s EV program | Total order close to USD 1 Billion

Valeo has been chosen by India’s leading SUV manufacturer, Mahindra & Mahindra (M&M), to provide the electric powertrain for a certain range of their “Born Electric” passenger vehicle platform and onboard charger combo for their electric utility vehicles. The total order is close to 1 billion dollars and was already included in the total orders for high voltage powertrains announced in Valeo’s Q3 results.

Valeo will invest close to the Mahindra plant in Pune, Maharashtra, to localize the electric powertrain production in India.

It will include the electric motor, its inverter, and the gearbox, as well as the integrated 3-in-1 bi-directional Combo power electronics that integrates the Onboard Charger (OBC), the DC-DC converter and the Power Distribution Unit (PDU).

This partnership with Mahindra & Mahindra is a major step forward for Valeo in the Indian EV market. According to Xavier Dupont, Valeo Powertrain Systems Business Group President, “Our solutions, developed and manufactured locally, will support Mahindra & Mahindra in offering Indian customers electric vehicles with higher voltages and longer range.“

Jayakumar G, Group President & Managing Director, Valeo India says, “We are proud to be associated with Mahindra & Mahindra to equip their latest EV platform with our electrification technologies. We will be investing to localize the production of this new order in India. Valeo is accelerating to be ready to take on the EV revolution in India and contribute to greener and safer mobility.“

According to Vinod Sahay, President and Chief Purchase officer – Auto & Farm Sectors – Mahindra & Mahindra Ltd., – “At Mahindra, our vision is to be leaders in the electric mobility revolution by bringing in cutting-edge world-class technology into our authentic electric SUV product portfolio, not just for India but for global markets. This collaboration with Valeo is an important step to achieve our ambitious electric vision. The localization of their technology solutions also signifies their bold commitment towards electrification of the Indian market.“

R Velusamy, President – Automotive Technology and Product Development, Mahindra & Mahindra Ltd., said, “The collaboration with Valeo is in alignment with our “Born Electric” vision. Valeo’s electrification technology compliments our purpose-built INGLO platform, which serves as the backbone of Mahindra’s EV architecture and its human-machine interface. This partnership is a significant step towards fulfilling our commitment to offer sustainable, cutting-edge mobility solutions, not just in India but globally.“