# Valeo secures $1B contract to supply electric drives for Mahindra SUVs

Valeo signed a contract worth nearly $1 billion with Mahindra to supply electric drives for Mahindra's 'Born Electric' SUVs, with production to take place near Mahindra's facility in Pune, India.

- Type: Contract
- Announced: 2023-11-14
- Where: Pune, Maharashtra, India
- Value: $1.00B
- Status: announced
- Products: electric drives, electric motor, inverter, transmission, bidirectional power electronics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Valeo](https://endata.com/companies/655.md) (supplier)
- [Mahindra Group](https://endata.com/companies/25618.md) (customer)

## Sources

- [evmagz.com](https://evmagz.com/valeo-secures-nearly-1-billion-contract-to-supply-electric-drives-for-mahindras-born-electric-suvs/), 2023-11-14: "The electric drivetrain commissioned by Mahindra encompasses an array of components, including an electric motor, inverter, transmission, and bidirectional power electronics."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.