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1-min read

Mahindra Matches Tata Motors' Lowest Bid Price For Electric Vehicles Tender

ESSL confirms the order for Phase 1 of its Electric Vehicle tender Mahindra & Mahindra matches lowest bid price, quoted by Tata Motors.

PTI

Updated:October 5, 2017, 2:56 PM IST
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Mahindra Matches Tata Motors' Lowest Bid Price For Electric Vehicles Tender
Image used for representational purpose. (Image: Reuters)
Mahindra & Mahindra has matched the lowest bid price offered by Tata Motors under the largest auction of 10,000 electric cars held last week and will supply 150 vehicles in the first phase, state-run Energy Efficiency Services Ltd (EESL) said today. "ESSL confirms the order for Phase 1 of its Electric Vehicle tender Mahindra & Mahindra matches lowest bid price, quoted by Tata Motors," the EESL said in a statement. Mahindra and Mahindra will supply 150 electric vehicles in the first phase, it said.

In Phase 2, 9,500 vehicles will be ordered post Phase 1 deliveries. "As per the tender conditions, Mahindra and Mahindra can supply up to 40 percent of the order. But they have agreed to supply 30 percent of the order of 500 electric cars in Phase-1. Thus they would supply 150 cars and Tata Motors would supply 350 cars," EESL Saurabh Kumar told.

Asked about Phase-2 procurement of 9,500 cars post Phase-1 deliveries, he said, "Mahindra and Mahindra have matched the bids. As per tender, they can supply up to 40 percent of order. It is up to them to decide about the quantum of supply within their permissible limit (40 percent)."

Tata Motors had emerged as the lowest bidder for 10,000 electric cars auction conducted by the ESSL. The company had quoted the lowest price of Rs 10.16 lakh exclusive of GST. Tata Motors will provide electric cars for Rs 11.2 lakh, which will be inclusive of GST and comprehensive five-year warranty which is 25 percent below the current retail price of a similar e-car with a three-year warranty. The vehicles will be supplied with eight-week of the issue of letter of award for phase I (by November 30, 2017), it said.

Along with procurement of 10,000 EVs through international competitive bidding, the EESL will also identify a service provider agency. This agency, also appointed through competitive bidding, will carry out end-to-end fleet management of the procured electric vehicles for the concerned government customer.

Apart from continuing to aggregate demand, the EESL will also be responsible such as coordination between appointed agencies, monitoring, and supervision, reporting, complaint redressal, and payments. The electric vehicles procured under the current tender will be used to replace petrol and diesel cars currently used by the central government and its agencies over a 3 to 4-year period.

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| Edited by: Ayushmann Chawla
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