16 February 2016, Buenos Aires: Mahindra Racing has today announced the Lear Corporation, a leading global supplier of automotive seating and electrical distribution systems, will partner the team in the FIA Formula E Championship with its Seating business.
Mahindra Racing's partnership with Lear Seating provides a tantalising opportunity to work together with a clear aim of bringing Lear’s innovative safety technology to the notice of the Fédération Internationale de l'Automobile (FIA) for road safety initiatives. That same technology could also lead to exciting advances in motorsport seating design.
Dr Pawan Goenka, Chairman of Mahindra Racing said, "It is my pleasure to warmly welcome Lear Seating to Mahindra Racing and our FIA Formula E Championship program. Lear has a well-established association with the Mahindra Group and its leading seating systems are featured in Mahindra commercial vehicles, SUVs, and more. Our consumers have already enjoyed Lear Seating's advanced solutions and now we look forward to growing this partnership together with our racing activities."
Matt Simoncini, Lear President and Chief Executive Officer said, "With Lear a global leader in automotive seating and the world's leader in performance and luxury automotive seating, we are proud to sponsor Mahindra Racing in competing in the FIA Formula E Championship. We have worked closely with the Mahindra Group since 1998 and are proud to supply our valued partner with more than 300,000 seat sets for their production vehicles on an annual basis. Mahindra Racing's passion for both Formula E and world-class engineering are values the Lear team shares."
Ray Scott, Lear Executive Vice president and President of Seating said, "Lear Seating provides industry-leading, vertically integrated seating systems and related seat components globally. We highly value working with Mahindra and look toward a future of continued collaboration and innovation, as well as the Mahindra Racing team's performances around the world."
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About Mahindra Racing
Mahindra Racing is one of ten teams – and the only Indian team – to compete in the FIA Formula E Championship. It is also the first and only Indian team to participate in the FIM MotoGP™ World Motorcycle Racing Championship Series since 2011 and the Italian National Motorcycle Racing Championship (CIV) in 2012.
Mahindra Racing enters the third season of Formula E with its own electric powertrain to power its quartet of electric racing cars. The new M3Electro, launched for season three, is already proving to be a competitive package netting two podiums, a pole position and fastest lap award from its first two races. These results are underscored by the Mahindra Racing’s joint second place in the Teams’ Championship standings. Together with drivers Felix Rosenqvist and Nick Heidfeld, the team has high technical and sporting ambitions in the ground-breaking, fully-electric championship.
Visit us at mahindraracing.com
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About Lear Corporation
Lear Corporation (NYSE: LEA) was founded in Detroit in 1917 as American Metal Products. In 2017, the Company will celebrate its 100th year anniversary. Lear is one of the world's leading suppliers of automotive seating systems and electrical distribution systems (E-Systems). Lear serves every major automaker in the world, and Lear content can be found on more than 400 vehicle nameplates. Lear’s world-class products are designed, engineered and manufactured by a diverse team of approximately 150,000 employees located in 37 countries. Lear currently ranks #154 on the Fortune 500. Lear's headquarters are in Southfield, Michigan.
Visit Lear at lear.com or at twitter.com/LearCorporation
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 17.8 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
In 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013.
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