Just In
- 23 min ago Marelli Develops Revolutionary Automotive Lighting Platform In China
- 1 hr ago Honda Motorcycle & Scooter India Reaches 6 Crore Sales Milestone
- 2 hrs ago Kia EV9 Crowned World Car Of The Year At 2024 Awards, Showcasing EV Dominance
- 3 hrs ago Suzuki V Storm 800 DE India Launch On March 29 – All Details Here Including Specs
Don't Miss!
- Finance EPF Account Online: Quick Steps To Update KYC Details Online
- Technology HONOR Pad 9 With Bluetooth Keyboard Up For Grabs At Rs 22,499 in India
- News Good Friday 2024: Date, History, Significance, And Everything You Need To Know
- Movies Is Parineeti Chopra Pregnant? Actress Reveals Truth Amid Constant Pregnancy Rumours
- Education RSMSSB Junior Instructor Recruitment 2024; Apply online for 2500 Posts, Check out for more details
- Sports IPL 2024: Steve Smith also slams Hardik Pandya's captaincy - 'Perplexed, I mean you can't have...'
- Lifestyle Aditi Rao Hydari Marries Siddharth, Exploring Heeramandi Star's Ethnic Style Statements, Bookmark Now!
- Travel Explore Tamil Nadu's Diverse Wedding Venues
Tata Motors To Supply 10,000 Electric Vehicles To EESL
Tata Motors will supply 10,000 electric vehicles to Energy Efficiency Services Ltd (EESL).
Tata Motors has bagged a government contract for supplying 10,000 electric cars by outbidding Mahindra & Mahindra (M&M). The order is worth Rs 1,120 crore, a largest such procurement in the world.
The automaker will supply electric vehicles to Energy Efficiency Services Ltd (EESL) at a price of Rs 11.2 lakh per unit. It will be the foundation for government's ambitious plan of shifting towards electric vehicles by 2030.
In a statement, the government said, "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 electric cars will be supplied in two phases, 500 in November 2017 and the remaining 9,500 cars in the second phase. The timeframe for the second phase has not been announced yet.
Recommended Video
As per the contract, Tata Motors will supply electric version of the Tigor compact sedan. It is just the beginning of EESL's EV procurement programme and the electric vehicles will replace the current petrol and diesel vehicles.
EESL's business strategy is to make these electric vehicles available for a monthly payment of Rs 45,000 to Rs 50,000 which is less compared to leasing petrol and diesel cars. Industry experts said that the EESL tender reflects government's strong push towards electric vehicles.
Previously, Tata Motors had unveiled the electric version of its hatchback, the Tiago in the UK. The concept was developed by Tata Motors European Technical Centre (TMETC). The electric car is equipped with a liquid-cooled 85kW drive motor producing 200Nm of peak torque.
DriveSpark Thinks!
Tata Motors has bagged a big deal to supply electric vehicles to government. To complete the contract, the company will develop an electric version of the Tigor compact sedan. The new deal will be a foundation for government's plan to have all-electric vehicles by 2030.