Electric Cars For Babus: Is It Really Mahindra Vs Tata Motors In Indian Electric Car Space? Not Really

Electric Cars For Babus: Is It Really Mahindra Vs Tata Motors In Indian Electric Car Space? Not Really

The recent tender to procure 10,000 electric cars by state-run Energy Efficiency Services Limited (ESSL) saw top Indian auto-makers such as Tata Motors and Mahindra & Mahindra bidding for what is claimed to be the largest procurement of electric vehicles anywhere in the world. Tata Motors won the government contract worth Rs 1,120 crore on September 30th 2017, and will supply 10,000 units of electric Tata Tigor sub-4-meter sedan to the government in two phases. Not accepting defeat, Mahindra matched the bid made by Tata Motors on 9th October, and was rewarded 30% of the total order. In the first phase, Mahindra will supply 150 of the 500 EVs that have to be delivered by 30th November 2017. Government is yet to notify the time-frame for the second phase and will do so post the completion of phase 1 deliveries. The electric cars being brought by EESL will cost them Rs 11.2 lakh per unit and will highlight the government’s ambitious plan for a mass shift to electrification of vehicles by 2032. Read More…

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