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Image Source : Energyinfra market Screenshot 2024 05 29 124517

Mahindra, SAVWIPL Plan 50:50 Electric SUV Partnership


Last Update 02 September 2024

Mahindra Auto and Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL) are nearing a 50:50 Joint Venture to develop electric SUVs for domestic and international markets. SAVWIPL, aiming to divest 50% of its Indian stake, will not include its current portfolio in the venture. The partnership, anticipated to be announced by year-end, will bolster Mahindra's EV market presence and enhance SAVWIPL's position

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