Tata Motors wins order for 10,000 electric vehicles from EESL
Tata Motors Ltd has won a marquee government contract for supplying 10,000 electric cars, outbidding Mahindra & Mahindra (M&M) in the contest for the Rs1,120 crore order, the largest such procurement anywhere in the world.
The vehicles will be procured by state-owned Energy Efficiency Services Ltd (EESL) at a per-unit price of Rs11.2 lakh and will lay the foundation for the National Democratic Alliance government’s ambitious plan for a mass shift to electric vehicles (EVs) by 2030.
“Tata Motors Ltd quoted the lowest price of Rs10.16 lakh exclusive of GST (goods and services tax) in the competitive bidding. The vehicle will be provided to EESL for Rs11.2 lakh which will be inclusive of GST and comprehensive 5-year warranty which is 25% below the current retail price of a similar e-car with 3-year warranty,” the government said in a statement.
These e-cars will be procured in two phases; 500 will be supplied in November 2017 and the remaining 9,500 cars in the second phase, for which dates haven’t been declared yet.