Powertrain Market Characterized by Precedent-Setting Collaboration
2018-10-18 13:45 Thursday
The need for reduced reliance on fossil fuels has spurred advances in powertrain technology. A recent report estimates that the size of the global powertrain market size will reach $ 2.580 billon USD by 2025. Many automakers have shifted focus toward developing cutting-edge powertrain systems that harness new energy sources and connected vehicle capabilities.
Mahindra and Ford recently signed two new agreements to reinforce their ongoing strategic collaboration. The latest agreements call for cooperationon powertrain and connected car solutions.
The powertrain agreement stipulates that Mahindra will develop and supply a low-displacement petrol engine to Ford India for use in its vehicles, and is expected to start in 2020. Ford believes that this new powertrain will help it extend and strengthen its formidable market share in petrol engines.
The partnership will play a critical role for the future of Ford India, which has drastic cost reductions to better compete with low-cost competitors in India.
Jim Farley, Ford's Executive Vice President and President of Global Markets expressed optimism: "With our collaboration in powertrain and connected car solutions, we will deliver an affordable portfolio and enable our Indian consumers to get behind the wheel, feeling more confident and connected."
However, it remains unclear if Ford will use the powertrain in markets outside of India.
Professional powertrain solutions provider AxleTech recently announced its collaboration with Thor Trucks, a producer of electric commercial trucks, to develop a heavy-duty e-powertrain system.
The partnership will seek to integrate AxleTech's e-axle technology with Thor's exclusive battery technology, to develop a fully electric commercial vehicle powertrain.
"Electric powertrains for on-highway use are rapidly advancing at a global scale, and AxleTech's technology has kept pace with this evolution," said Bill Gryzenia, CEO of AxleTech. "Due to the acute market need for these solutions, we are proud to work alongside Thor Trucks to build the most advanced integrated powertrain components. This partnership is a significant stride forward in our pursuit to transform the commercial transportation industry. Our team takes this role seriously and is relentless in identifying and developing the next generation of electric powertrain systems."
"Thor Tucks will benefit tremendously from AxleTech's industry-leading powertrain expertise as we work to meet the market's increasing demand for electrification," maintained Giordano Sordoni, Co-founder and COO of Thor Trucks.