Blog

November 27, 2025

TDK Corporation (TSE:6762, hereinafter “TDK”) has signed a basic agreement with NIPPON CHEMICAL INDUSTRIAL CO.,LTD. (President: Hirota Tanahashi, hereinafter “NIPPON CHEMICAL INDUSTRIAL”) to begin considering the establishment of joint venture related to the development of electronic component materials and manufacturing processes. This includes ceramic materials for multilayer ceramic capacitors (MLCCs), which both companies manufacture.

Since its founding, NIPPON CHEMICAL INDUSTRIAL has a history of over 130 years and has been stably manufacturing and selling a wide range of products, with inorganic chemicals as its main focus, as well as electronic materials and organic chemicals.

For over 90 years, TDK has shaped the world from within; from the pioneering ferrite cores to powering the digital age with advanced components, sensors, and batteries, leading the way towards a more sustainable future.

By combining the technological capabilities and development and evaluation expertise of TDK and NIPPON CHEMICAL INDUSTRIAL, both companies aim to accelerate the speed of research and development, shorten the lead time from prototyping and evaluation to market launch, and establish a scheme that can quickly respond to customer needs.

Both companies will proceed with discussions toward the establishment of joint venture based on this basic agreement.

About NIPPON CHEMICAL INDUSTRIAL CO., LTD.

Nippon Chemical Industrial Co., Ltd., (head office located in Tokyo) is a chemical manufacturer that has contributed to social development through the manufacturing and development of chemical products since its founding in 1893. With a history spanning over 130 years, it focuses on the harmony between people and the natural environment based on its company philosophy of “We are treating humanity treasuring technology with good care” and it is aiming to realize dreams with the unlimited potential of chemistry.
Since it was founded, Nippon Chemical Industrial has focused on reducing excessive import dependency by utilizing resources in Japan with a slogan of domestic production of chemical products. Following the war, the company developed fused phosphate (Phosphate fertilizer) and calcium-silicate fertilizer in order to alleviate food crises caused by shortages of materials and fertilizer, which has contributed to society. For over 100 years, the company has refined fundamental technologies of inorganic chemistry centered on phosphorus and chromium products, evolving them into high-value-added functional materials. Over the past 50 years in particular, it has developed barium titanate and phosphine derivatives that are used for electronic materials, both of which serve as key products that support its current businesses. Such technological innovation has contributed to the development of today’s digital society and laid the foundation for a sustainable future.
The company’s cutting-edge chemical technologies are used in a variety of fields, including food, energy, semiconductors, and electronic components, supporting our daily lives and industries. Moreover, it values its creeds of sincerity, responsibility, creation, and challenge, and is engaging in the development of new products and solutions to resolve social issues while deepening its core technologies.
Its consolidated sales for the fiscal year ending March 2025 are approximately 38.8 billion yen, and the total number of employees (consolidated) is approximately 732.

About TDK Corporation

TDK Corporation (TSE:6762) is a global technology company and innovation leader in the electronics industry, based in Tokyo, Japan. With the tagline “In Everything, Better” TDK aims to realize a better future across all aspects of life, industry, and society. For over 90 years, TDK has shaped the world from within; from the pioneering ferrite cores to cassette tapes that defined an era, to powering the digital age with advanced components, sensors, and batteries, leading the way towards a more sustainable future. United by TDK Venture Spirit, a start-up mentality built on visions, courage and mutual trust, TDK’s passionate team members around the globe pursue better—for ourselves, customers, partners, and the world. Today, the state-of-the-art technologies of TDK are in everything, from industrial applications, energy systems, electric vehicles, to smartphones and gaming, at the core of modern life. TDK’s comprehensive, innovative-driven portfolio includes cutting-edge passive components, sensors and sensor systems, power supplies, lithium-ion and solid-state batteries, magnetic heads, AI and enterprise software solutions, and more—featuring numerous market-leading products. These are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics, TDK-Lambda, TDK SensEI, and ATL. Positioning the AI ecosystem as a key strategic area, TDK leverages its global network across the automotive, information and communication technology, and industrial equipment sectors to expand its business in a wide range of fields. In fiscal 2025, TDK posted total sales of USD 14.4 billion and employed about 105,000 people worldwide.

Bengaluru, November 27, 2025: If there’s one thing modern
life rarely gives us, it’s space — space to pause, space to think, space to be
ourselves, and space to be with the people who matter. Today, Mahindra brings
that feeling back with something refreshingly meaningful: the XEV 9S, India’s
first authentic electric origin 7-seater SUV built ground-up on the INGLO
architecture.

The XEV 9S arrives as India’s Big New Electric — a bold idea
crafted into an intelligently spacious SUV for people whose lives, dreams, and
daily journeys are getting bigger. It’s designed for families, creators,
travellers, and everyday Indians who want one simple thing from their car:

space for everything they want to do and everything they want to be.

Powered by MAIA, India’s fastest automotive mind, and shaped with Mahindra’s
expressive design philosophy, the XEV 9S doesn’t just introduce a new vehicle
— it introduces a new feeling of electric freedom.

A Big New Electric for Big Lives
With its expansive cabin, clever three-row electric-first layout,
whisper-quiet drive, and an almost magical sense of openness, the XEV 9S gives
families, travellers, creators, and commuters something Indian mobility has
long denied them:
Comfort that isn’t negotiated. Space that isn’t apologised for. Electric
that isn’t small.

R Velusamy, President – Automotive Business, Mahindra & Mahindra Ltd.
and Managing Director, Mahindra Electric Automobile Ltd. said,
“We have always believed that technology is meaningful only when it expands
human possibility. The XEV 9S built on the INGLO electric origin platform
does exactly that by creatin space – more than anyone else and gives a
smooth and noise free ride . THE MAIA brain enables many of its high tech
features, making it the most advanced offering for its price .”

Nalinikanth Gollagunta, Chief Executive Officer – Automotive Division,
Mahindra & Mahindra Ltd. and Executive Director, Mahindra Electric
Automobile Ltd., said,
“The future of Indian mobility will belong to brands that don’t just
electrify vehicles, but reimagine categories. With the XEV 9S, we’re not
just playing in the EV segment, we’re expanding it. This SUV signals the
start of a BIG new electric era for Mahindra – one built on scale, on
purpose, and on a deep understanding of how India moves. The attractive
prices starting at ₹ 19.95 Lakh make a very high tech product accessible,
with bookings opening on Jan 14 and deliveries start on Jan 23.”

Pratap Bose, Chief Design & Creative Officer – Auto & Farm Sectors,
Mahindra & Mahindra Ltd., said,
“Designing the XEV 9S wasn’t about adding lines to a surface, it was about
shaping a feeling. We wanted it to feel like stepping into a personal
sanctuary, yet one that carries the pulse of modern India. Electric gave us
the canvas; INGLO gave us the freedom to sculpt light, space, and comfort.
The result is an SUV that wears its size with grace and its technology with
humility. It’s expressive, it’s calm, and it’s unmistakably Mahindra – built
for a nation whose aspirations are only getting bigger.”

The New Shape of Space:

The XEV 9S is an expression of Mahindra’s signature Heartcore Design
philosophy. Its athletic stance, clean lines, gloss finish, immersive
tech-rich interiors and carefully balanced proportions scream ‘Premium SUV’
and evoke a sense of purpose and maximum space. The XEV 9S is silent
sophistication on wheels.

Key Highlights:

Important Dates:

Add Your Preference: 14 th December, 2025; Test drives start: 5 th January,
2026 Bookings Open: 14 th January, 2026 and Customer deliveries commencing: 23
rd January, 2026

Social Media Addresses for Mahindra Electric Origin SUVs:

• Brand website: https://www.mahindraelectricsuv.com/
• Instagram: @ mahindraelectricsuvs
• Twitter (X): @mahindraeSUVs
• YouTube: @mahindraelectricsuvs
• Facebook: @mahindraelectricoriginsuvs
• Hashtags: #ScreamElectric #XEV9S #MahindraElectricOriginSUVs