Mahindra Ford Agreement

Learn more about Mahindra on www.mahindra.com/Twitter and Facebook: @MahindraRise beginning of the fiscal year, the alliance signed an agreement with the Mahindra Group to develop and supply a low-cylinder gasoline engine to be used in Ford`s current and future vehicles from 2020. Mahindra and Ford also announced the joint development of a telematics order. Under the new agreement, Mahindra and Ford will work together to introduce a benchmark product for India and emerging markets. Mahindra- Mahindra and Ford Motor Company have signed a final agreement to create a joint venture in India worth $275 million (1.925 kronor). The company will develop, market and market Ford-branded vehicles in India, the two companies said Tuesday. Mahindra- Mahindra and Ford Motor Company have signed a definitive agreement to create a joint venture that will develop, market and market Ford-branded vehicles in India and Ford and Mahindra brand vehicles in high-growth emerging markets around the world. The new agreement reinforces the steady progress since the announcement of the strategic alliance between the two companies in September 2017, followed by an announcement on the sharing of traction chains and connected vehicle solutions in October 2018. Mahindra has led the commercial vehicle segment in India for the past seven decades. The spirit of ingenuity has insinuated Mahindra among the few global companies that are pioneers in the development of clean and affordable technologies with a portfolio of electric vehicles marketed in India. Mahindra is strengthening its global presence and holds a majority stake in the Ssangyong Motor Company in Korea, and has entered the common mobility space with investments in ride-sharing platforms in the United States and is developing products such as the GenZe, the world`s first electric-connected scooter. According to the statement, the agreement sets the ongoing strategic cooperation between the two companies with a focus on product development for India and emerging markets. Ford Motor Company is a global company based in Dearborn, Michigan.

The company designs, produces, markets and provides comprehensive services to Ford cars, trucks, SUVs, electrified cars and luxury cars Lincoln, provides financial services through Ford Motor Credit Company and pursues leadership positions in electrification, autonomous vehicles and mobility solutions. Ford employs approximately 199,000 people worldwide. For more information about Ford, its products and the Ford Motor Credit Company, visit www.corporate.ford.com.