Mahindra and Renesas to partner for an electric future
Mahindra and Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, have announced the formation of a strategic partnership. This tie-up will place Renesas as the official technology partner of the Mahindra Racing Formula E team.
Both companies will work together across a number of programmes including ‘proofof-concept’ systems for both racing and road cars. Through this partnership, both the organisations will leverage their mutual strengths to accelerate the development and manufacture of electric vehicles, powertrains, advanced driver assistance systems, etc, in India and other emerging markets.
Renesas Electronics considers India as one of its focus markets and expects to bring about significant business growth for the company, particularly in the EV segment.
Ryuji Omura, executive vicepresident, Renesas Electronics, expressed his interest in the Indian government’s attempt to limit cars to EVs by 2030. “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,” he said.