Tata Motors will supply 10,000 electric vehicles to EESL; each unit to cost at Rs. 11.20 lakh
Tata Motors outbids Mahindra & Mahindra to bag the order of 10,000 electric vehicles from Energy Efficiency Services Ltd. The homegrown automaker will supply 10,000 EVs priced Rs. 11.20 lakh per unit. The total order worth Rs. 1,120 crore. Also, this is the largest such order in the world by any government agency.
This order comes as part of the Mission EV 2030, under which the Indian government will introduce zero emission pure electric cars across the country by the end of next decade. Tata Motors quoted the lowest price of Rs. 10.16 lakh in the bidding process. Including GST and 5-year comprehensive warranty the pricing per unit goes to Rs. 11.20 lakh. Meanwhile, Mahindra chairman Anand Mahindra has congratulated Tata on Tweeter. He said this is a terrific price and with more players in the EV sector, the market will expand fast.
These 10,000 electric vehicles will be supplied in two different phases. First 500 EVs will be supplied in November 2017, while the remaining 9,500 units will be supplied in second phase. Timeframe of the second phase is yet to be disclosed. EESL plans to lease out these EVs available at a monthly rental between Rs. 45,000 and Rs. 50,000 that is much lower compared to leasing petrol and diesel power cars.
Under this policy, electric mobility is expected to get a significant boost in the country that is thriving to adopt zero emission mobility by 2030. However, it is not sure, which electric vehicles the company is going to supply to EESL. One of them is expected to be the Tiago EV that was displayed at an event in UK few days ago.
The Tata Tiago has already earned quite positive response across the country. An electric version of this car developed by the Tata Motors European Technical Centre (TMETC) is likely to enter the market soon. Apart from that, the auto major is also testing the electric powered Nano. This small hatchback could also be a part of the EV fleet to be delivered to EESL.