Ford and Mahindra have officially confirmed their joint venture, wherein they will exchange technologies, engines as well as some of their cars.
Ford and Mahindra Joint Venture is now official! Both the manufacturers have joined hands to produce and sell vehicles in India as well as in the international markets. So, there will be an exchange of some cars on both sides.
Other than that, both of them will exchange their engines, electric technologies and platforms as well. Both of them have already confirmed about four new vehicles coming from the JV in the coming years.
The primary reason for the joint venture between Ford and Mahindra is due to the diminishing market share of the American. With Mahindra, Ford can revive its share in the market and also explore new segments. Mahindra now owns a 51% share in the company, and combined with Ford, will give a market share of 14%.
Also Read: India Made Ford Figo And Aspire Gets 4-Star Safety Rating By Latin NCAP
The first outcome from the JV will be a mid-size SUV, that will squarely go against the Hyundai Creta, Tata Harrier, MG Hector and Kia Seltos, in the 15 Lakh range. It will be jointly developed but manufactured at Mahindra’s plant in Tamil Nadu.
Following that, the next offering could be a B-segment sedan, from the stable of Mahindra. This one is still speculated to be launched, but for sure, it will be manufactured from Ford’s Sanand plant.
Also, Ford is working on electric Aspire, which will use Mahindra’s electric technology. We expect the technology to be borrowed from the electric XUV 300 and not the E-Verito. The electric XUV300 will get a higher capacity battery and better range as well.
Also Read: New Mahindra-Ford Alliance To Bring 9 SUVs – Details
Talking about the engines, the 1.0 Litre EcoBoost engine might be replaced by Mahindra’s 1.2 Litre TGDI petrol engine, in near future. Later, many of their cars might share the engines.
However, despite that, there will be no mixed branding or such. Ford and Mahindra vehicles will come with their respective branding. Lastly,
The post Which Cars Will Come Out Of The Ford And Mahindra Joint Venture? appeared first on CarBlogIndia.
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