Valeo has been chosen by Mahindra & Mahindra (M&M) to provide the electric powertrain for a certain range of their “Born Electric” passenger vehicle platform and on board charger combo for their electric utility vehicles. The total order is close to 1 billion dollars and was already included in the total amount of orders for high voltage powertrain announced in Valeo’s Q3 results.
Valeo 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).
