Linklaters has advised Mahindra & Mahindra Limited (M&M) on an agreement with Volkswagen Group under which Volkswagen Group will supply certain electric components as well as unified cells to M&M for M&M’s new, purpose-built electric platform INGLO.
M&M thereby becomes the first external partner to use Volkswagen Group’s unified cell concept.
The supply agreement will run over several years and have total volume of about 50 GWh over its lifetime. Volkswagen Group and Mahindra aim to strengthen their e-mobility footprint in the Indian automotive market and accelerate electrification in the region. Mahindra plans to launch five all-electric SUVs in India based on its new, purpose-built electric platform, INGLO, starting in December 2024. With more than five million new vehicles per year in 2023, India is one of the largest automotive markets in the world. The electrification of the passenger car segment is expected to gain significant momentum in the coming years.
The Linklaters team was jointly led by Frankfurt-based partner Michael Leicht (TMT) and London-based partner Savi Hebbur (India Practice) and included associates Thomas Kienle, Antonia Mertens and Tim Ulmers (all TMT, Frankfurt). Competition law advice was provided by Brussels-based partner Bernd Meyring (Antitrust & Foreign Investment).
