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Mahindra will also get access to NXP's robust partner ecosystem, comprising Tier 1, ODM, IDH, module vendors, and integrators.
Date: July 15, 2023
Mumbai- Mahindra & Mahindra Ltd., an automotive, farm and services provider signed an MoU with NXP Semiconductors, a provider of secure connectivity solutions for embedded applications. Through this venture, both M&M and NXP will focus the electric and connected vehicle landscape, covering a wide range of vehicles including utility vehicles, light commercial vehicles, farm equipment, and tractors.
Mahindra will be accessing NXP's innovative automotive system solutions, and expertise in zonal and domain controllers, electrification, advanced vehicle networks, and secure car access technologies for their upcoming platforms. Mahindra will also get access to NXP's robust partner ecosystem, comprising Tier 1, ODM, IDH, module vendors, and integrators. This will also provide valuable insights into NXP's technology roadmap, encompassing synergistic areas like the Smart Home and Industrial sectors.
Rajesh Jejurikar, Executive Director & CEO- Auto and Farm Sectors, Mahindra & Mahindra Ltd. said, "We are thrilled to explore opportunities to leverage NXP’s advanced technologies and solutions to build SUVs that are safer, highly connected, and environmentally friendly. At Mahindra, we are driven by our mission to elevate people's quality of life through innovative and cutting-edge technology. Together, we endeavour to shape the future of smart electric mobility and deliver extraordinary experiences to our consumers."
Kurt Sievers, President & CEO, NXP said, “We are excited to collaborate with Mahindra and Mahindra, a company with a rich history of transforming the fast-growing automotive space in India and a focus on striving to improve quality of life through mobility. By working together and leveraging our rich portfolio of technologies, solutions and expertise, NXP and M&M are charting a course to build a brighter tomorrow.”
About NXP Semiconductors
NXP Semiconductors N.V. brings together bright minds to create breakthrough technologies that make the connected world better, safer and more secure. As a world leader in secure connectivity solutions for embedded applications, NXP is pushing boundaries in the automotive, industrial & IoT, mobile, and communication infrastructure markets while delivering solutions that advance a more sustainable future. Built on more than 60 years of combined experience and expertise, the company has approximately 34,500 team members in more than 30 countries and posted revenue of $13.21 billion in 2022.
