Mahindra and Renesas Electronics Corporation – a premier supplier of advanced semiconductor solutions – announced the formation of a strategic partnership. The partnership would place Renesas as the official technology partner of the Mahindra Racing Formula E team.
Both companies will also 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, and other systems in India and other emerging markets.
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." He also expressed an 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 went on to say.
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.
Dr Pawan Goenka, managing director, Mahindra & Mahindra 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." He also expressed Mahindra's eagerness to "continue to play a pioneering role in the fast-growing Indian EV market.”
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