Mahindra Racing has been competing as a factory team in the Moto3 World Championship, a part of the MotoGP series, since its inception in 2012. The same year they entered the Italian National Motorcycle Racing Championship (CIV).
"The addition of two further bikes in the CEV programme is aimed to assist with the development and set-up of the MGP3O, while also giving Mahindra the opportunity to assess some exciting new racing talent," a release said.
"Our new involvement in the CEV series is an exciting addition to our growing racing programme," said SP Shukla, Chairman of Mahindra Racing.
"In addition to the technical benefits, it gives us the chance to keep an eye on new emerging talent in motorcycle racing. Mahindra's corporate philosophy of 'Rise' is perfectly embodied in this new initiative which seeks to help realize the potential of young riders. We will be keeping a close eye on the progress of Albert and Stefano in Spain."