EESL Expects More Companies To Bid For 2nd Electric Cars Contract


EESL Expects More Companies To Bid For 2nd Electric Cars Contract

Energy Efficiency Services (EESL), a state-run venture, expects wider participation from auto manufacturers for its new global tender to procure 10,000 electric cars to replace government vehicles in India.

“Carmakers like Hyundai and Kia Motors have been showcasing their electric vehicles at different occasions recently. I would assume they would take part in our second tender,” Saurabh Kumar, MD of EESL, told ET on Thursday.

“We hope to get responses from more players this time.”

With this second tender, EESL has so far aggregated demand for about 20,000 electric cars from the Centre and various state governments, Kumar said. While the tender would ideally be divided among three players in a 50:30:20 ratio, with the lowest bidder getting 50% of the order, there could be changes depending on the industry’s response, he said. Read More…

Leave a Reply

Your email address will not be published.