Deenaxo Automotives

 Volkswagen and Mahindra & Mahindra Ltd. have jointly signed an agreement. Volkswagen and Mahindra pioneered the use of the MEB electric component for Mahindra's new "Born Electric Platform". Competition is increasing in the Indian automobile market. Companies are making big announcements to get ahead. In this episode, Volkswagen and Mahindra & Mahindra Ltd. have taken a big decision. With this decision, other car makers like Tata, Hyundai, Maruti may be in trouble. Actually Volkswagen and Mahindra & Mahindra have signed an agreement together. Volkswagen and Mahindra are exploring the use of the MEB electric component for Mahindra's new "Born Electric Platform". The two companies announced today that they have signed a partnership agreement on May 18. Mahindra wants to equip its "Born Electric Platform" with MEB electric components such as electric motors, battery system components and battery cells. Designed as an open vehicle platform

 The source added that "in all likelihood, an agreement between SAIC and Volkswagen internationally is more likely, given the current strong relationship with the Volkswagen Group."     MG Motor is in talks with Volkswagen as well as the Mahindra-Ford JV to lease its plants to manufacture its cars in India. The move comes as the company - a British brand but a subsidiary of China's SAIC - faced government scrutiny in the wake of border tensions between India and China, especially when it comes to new investment plans.