Mahindra & Mahindra Ltd (M&M) and Volkswagen are exploring the use of Volkswagen’s MEB electric components for Mahindra’s new “Born Electric Platform”.

The companies announced on Thursday that they have signed a partnering agreement to evaluate the scope of collaboration.

The agreement indicates the binding rules for the evaluation phase as well as the non-binding scope of supply, which is likely to conclude by the end of 2022.