Mahindra bagged 40% of massive 10,000 EV fleet order from EESL; 150 units to be delivered in initial phase
Mahindra has delivered the first e-Verito electric sedan to EESL under the EV tender from the government agency. The homegrown brand bagged 40% of the total 10,000 EV order, while Tata Motors grabbed the rest of the tender. According to the tender, Mahindra will deliver 150 electric vehicles in the first phase with a deadline set at 30th November 2017.
Under the massive EV order, EESL will acquire 500 units of electric vehicles from both the brands in the first phase. Tata Motors is set to deliver 350 units of electric Tigor in the initial phase. As we reported earlier, Tata Motors won the tender by quoting lowest pricing of Rs. 11.20 lakh (including GST) for each unit. All the electric vehicles come with a comprehensive five-year warranty. These electric vehicles will be used by several government agencies and ministries as well.
Initially, Mahindra lost the bid to Tata Motors as the former auto major quoted higher price, but later it agreed to match the pricing quoted by its rival. In that process, Mahindra lowered the bid price by Rs. 2.30 lakh from its initial quote. Now, Mahindra has an option to bid for up to 50% or 4,750 units of the remaining 9,500 units that to be delivered in the second phase.
This is the largest electric vehicle fleet order in the world and it comes as part of Indian government’s strategy to introduce zero emission pure electric mobility across the country by 2030. Thanks to such a massive order by EESL, both Mahindra and Tata Motors hope to see significant boost in their electric vehicle development program.
Mahindra currently sells electric vehicles like e-Verito and e20 Plus. The company is also working on electric variants of KUV100 and XUV500. On the other hand, Tata Motors is working on electric variant of Tiago, Tigor and Nano.