Mahindra to procure electric powertrain from Valeo for its EV line

Mahindra & Mahindra selected Valeo as a supplier of electric powertrain components/subsystems for their EV line of passenger and utility vehicles. The order worth 1 billion dollars was already included in the total amount of orders for high voltage powertrain announced in Valeo’s Q3 results.
Valeo said it will invest close to the Mahindra plant in Pune, Maharashtra to localize the production of the electric powertrain in India. It will include the electric motor, its inverter, and the gearbox, as well as the integrated 3-in-1 bi-directional Combo power electronics that integrates the Onboard Charger (OBC), the DC-DC converter and the Power Distribution Unit (PDU). Xavier Dupont, Valeo Powertrain Systems Business Group President commented “At Valeo, we believe that electrification is the future of mobility and we have developed best-in-class technologies to support the growing demand of our clients. Our solutions, developed and manufactured locally, will support Mahindra & Mahindra in offering Indian customers electric vehicles with higher voltages and longer range. This partnership with Mahindra & Mahindra is a major step forward for Valeo in the Indian EV market.“ Jayakumar G, Group President & Managing Director, Valeo India says, “We are proud to be associated with Mahindra & M...