Mahindra & Mahindra, Ltd and Renesas Electronics Corporation today announced the formation of a strategic partnership with Renesas as the official technology partner of the Mahindra Racing Formula E team. Both parties will work together across a number of programmes inclusive of ‘proof-of-concept’ systems for both racing and road cars.
Through this strategic vision, both organisations will leverage their mutual strengths to expand the development and manufacturing of electric vehicles, powertrain, Advanced Driver Assistance Systems (ADAS), and other systems in India and other emerging markets.
Renesas includes EVs as one of their core automotive businesses and develops comprehensive solutions for them around its Renesas autonomy platform introduced earlier this year. Renesas autonomy is an open, innovative and trusted platform which aims to accelerate the development of self-driving electric and connected vehicles for consumer adoption. It includes core technologies that are essential in the development of EVs, including motor and inverter control systems and battery management.
Pawan Goenka, Managing Director, Mahindra & Mahindra Limited and Chairman of Mahindra Racing UK, said, “Formula E is helping to grow Mahindra’s EV technology and expertise, and this new strategic partnership with Renesas will only help to accelerate our learning curve. We look forward to working with Renesas and leveraging their automotive semiconductor expertise as we increase our thrust in Formula-E and continue to play a pioneering role in the fast growing Indian EV market.”
Ryuji Omura, Executive Vice President of Renesas Electronics Corporation, said, “India is one of our focus markets and is expected to bring about significant business growth for Renesas, particularly for the EV segment. The India government is working on a scheme to limit the cars sold in India to only electric vehicles by 2030, opening tremendous opportunities for the EV market. Through our new partnership with Mahindra, we look forward to bringing our design expertise based on our open and comprehensive Renesas autonomy Platform, to the Indian market.”