The SUV is expected to be launched in the September-October period this year.
It will be a modern version of the XUV Aero concept which the automaker showcased at the Auto Expo 5 years ago.
Bose would likely head the Mahindra Advanced Design Europe (MADE) that will be set up in the UK.
Both brands have joined hands with CERO Recycling to help their customers get rid of old vehicles while offering benefits over the purchase of new cars.
It is also looking to introduce a second brand for future premium electric SUVs under Pininfarina.