Home » Car News
    Filmi Bollywood
    • Katrina Kaif Treats Us To Yet Another Stunning Vacation PIC From Mexico!
    • Disha Patani REVEALS Her First Reaction When She Heard The Script Of Malang!
    • TBT Pic: Ranveer Singh & Ranbir Kapoor Seen Chilling Together On Tamasha Set Without Deepika!
    • Priyanka Chopra Jonas Is NOT Assam's Tourism Brand Ambassador Anymore
    • Watch! Hrithik Roshan Practicing Bhojpuri Accent For Super 30 Is Hilarious
    • Hollywood Action Choreographers Roped In For Hrithik Roshan & Tiger Shroff Starrer War
    • The Lion King Full Movie Leaked Online On Tamilrockers To Download In HD Print!
    • Nick Jonas Writes Mushy Birthday Post For Priyanka Chopra; Calls Her 'Whole Heart'
    • Sameera Reddy's Moving Post After Going Through C-Section: The Stitches Hurt Like Mad
    • Taimur Ali Khan Reunites With Cousin Inaaya Naumi Kemmu In London & It's Too Cute To Handle!
    • Kabir Singh Ki Asli Bandi: Netizens Can't Stop Drooling Over Shahid Kapoor's Wife Mira Rajput's Pic
    • Is Shahrukh Khan's Son Aryan Khan In A Relationship With A Blogger In London?
    • Family Of Thakurganj Movie Review: Visit This Family At Your Own Risk!
    • Jhootha Kahin Ka Movie Review: It Takes Its Title Too Seriously & Fails To Deliver Laughs!
    • GOOD NEWS! Arjun Rampal & Gabriella Demetriades Blessed With A Baby Boy
    • Happy Birthday Priyanka Chopra: Alia Bhatt & Anil Kapoor Have The Sweetest Wishes For Our Desi Girl
    • Mission Mangal Trailer Out: Goosebumps Assured
    • Nora Fatehi REACTS To Koena Mitra Calling 'Saki Saki' Remake A MESS!
Mahindra And Ford Announce Partnership Aiming More Than A Billion Dollars In Profit
DriveSpark | 11th Jan, 2019 10:52 AM

Mahindra & Mahindra and Ford have announced a new partnership deal with a cost-saving plan of more than 25.5 billion US dollars, globally. In fact, Mahindra will contribute a significant part of it.

Economic Times shares that the five elements stated as part of the Memorandum of Understanding (MoU) in September 2017, are inching close to a final agreement. In effect, the partnership can lead to potential savings of around 500 million to over a billion dollars, in the next five years.

Sharing vehicle platforms, engines, electric powertrain technology, connectivity and equipment are the key areas which can generate the above-mentioned levels of profit. The effective saving would be in the range of "hundreds of millions of dollars", say the officials involved.

Ford and Mahindra have already set up their plans to share connected car technology and efficient power trains over a commercial agreement. Regarding architecture or platform sharing, better clarity will be made in the coming months.

"A firmed-up agreement on C-segment SUV will be announced within a month and negotiations for a B-segment SUV and an EV architecture are progressing well," said an official. The SUV is likely to be made out of Mahindra's Chakan facility. The sourcing for the C-Segment SUVs codenamed W601 and W605 has already begun.

While Ford benefits from Mahindra's new SUV architecture, the maker of the Scorpio and Bolero can benefit from Ford's B-segment architecture for a monocoque SUV; a critical missing piece in the portfolio and modern EVs. "The synergies are clearly there, right from product development, sourcing, distribution and other factors that save a huge amount of cost and help return the investment; a big question mark nowadays," stated another official.

Pawan Goenka, MD of Mahindra & Mahindra, shared, "The investment that we're making together is the same either of us would've made alone. In addition to this, we get the benefit of cost reduction since in this kind of hardware, the economy of scale reduces cost. So, it's not only 50% sharing of investment, but also cost-effectiveness".

Thoughts On The Partnership Between Mahindra And Ford

Teams from both companies are working together to cross new boundaries of strategic cooperation that help achieve more in the commercial, manufacturing and business sector. Put in simple terms, we can expect some exciting products on the market in the not-too-distant future.

Health and Life
  • Exclusive: Doctor Shares How Parents Can Reduce Screen Time For Kids to Counter Myopia Risk
  • Did You Know That Exposure To Pesticides Can Lead To Depression?
  • Top 15 Health Benefits of Quail Eggs
    • Shravan Month 2019: What Foods To Eat And What Foods To Avoid
    • Cysts: Causes, Types, Symptoms & Treatment
    • Black Eye: Causes, Symptoms, Diagnosis & Treatment
      • What Is Horned Melon? Its Benefits, Side Effects And Recipe
      • What Are Navy Beans? Their Benefits, Side Effects And Recipe
      • Kunal Khemu's Fitness And Diet Tips
        • Diet For Jaundice: Foods To Eat And Foods To Avoid
        • Multiple Sclerosis: Causes, Symptoms, Diagnosis And Treatment
        • 7 Nutritious Foods That Help Promote Beard Growth
          • Epidermodysplasia Verruciformis (EV): Causes, Symptoms, Diagnosis And Treatment
          • 20 Healthy Snacks To Curb Hunger
          • Sustainable Menstruation Through Menstrual Cup: Keeping You & The Earth Clean
            • What Is Solomon's Seal? Its Benefits, Side Effects And Recipes
            • 8 Amazing Health Benefits Of Rose Hip
            • Anand Kumar Of Super 30 Reveals He Has Acoustic Neuroma - All You Need To Know About This Condition
              • 6 Amazing Benefits Of Ice Cubes For Your Health
              • 7 Fascinating Health Benefits Of Chicory You Must Know!
              • Empty Nose Syndrome: Causes, Symptoms, Diagnosis & Treatment