Mahindra & Mahindra has entered into a global partnership with Cisco to jointly develop and market solutions related to smart cities, virtual dealerships, sports and entertainment, and cloud services.
The two companies have entered into a memorandum of understanding to tap into a market that is said to be valued at $5 billion annually. The target markets would be India, the US, Europe, West Asia and Brazil.
“By collaborating with Cisco to build smarter, connected communities, virtual dealerships and other projects, we are empowering our stakeholders – dealers, customers, partners,” said Mr Anand Mahindra, Vice-Chairman and Managing Director, Mahindra Group.
According to Mr Naresh Wadhwa, President and Country Manager, Cisco Systems- India & SAARC, the proposed solutions will be completely built in India and then marketed in overseas geographies.
Additionally, Cisco and M&M will explore opportunities to develop cloud-based solutions and services around virtual sales, sports and entertainment (as a service) through usage of build-operate-transfer (BOT) and managed services models. Mahindra and Cisco will also explore working together to build the private cloud roadmap for the Mahindra Group across different businesses – Mahindra & Mahindra, Tech Mahindra and Mahindra Satyam.