Mahindra inks R&D MoUs with Australian state of Victoria
Carrying on with their initiative for alternate energy technologies, Mahindra and Mahindra have signed a Memorandum of Understanding (MoU) with the state of Victoria. Mahindra also individually signed three MoUs with the LaTrobe University, Swinburne University and AutoCRC - Australia's national automotive research body. The aim behind this MoUs is to have research, supply chain development and manufacturing of clean technology vehicles done in Victoria.
Mahindra after acquiring a majority stake in Reva in 2010 has been focussed on alternative energy sources. At the recently concluded Auto Expo in Delhi, Mahindra had showcased the Reva NXR and also the Verito electric. Mahindra Reva has entered into the MoU with AutoCRC to establish an operational framework for an applied research program. The two-year MoU will facilitate the sharing of relevant confidential information and enable the two parties to establish specific project agreements under the applied research program. The MoU with Swinburne University, which has Australia's largest electric vehicle research group, will focus on advanced EV technologies. Collaborative research and development for new energy management technologies will be the key focus on the MoU with LaTrobe University.