M&M to deliver 150 EVs, 30 percent of the 500-car order in Phase 1; stands a chance of supplying 3,800 or 40 percent of remaining 9,500-unit EESL business in Phase 2.
05 Oct 2017 | 4796 Views | By Autocar Professional Bureau
Mahindra & Mahindra has matched the lowest bid price offered by Tata Motors under the world’s largest tender for purchase of 10,000 electric cars. It will now supply 150 vehicles in the first phase, state-run Energy Efficiency Services Ltd (EESL) has said. The deadline for EV delivery in Phase ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
Mahindra & Mahindra has matched the lowest bid price offered by Tata Motors under the world’s largest tender for purchase of 10,000 electric cars. It will now supply 150 vehicles in the first phase, state-run Energy Efficiency Services Ltd (EESL) has said. The deadline for EV delivery in Phase 1 is November 30, 2017.
"ESSL confirms order for Phase 1 of its electric vehicle tender. Mahindra & Mahindra matches lowest bid price, quoted by Tata Motors," EESL said in a statement. “As per the tender conditions, Mahindra & 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’s Saurabh Kumar told PTI.
Commenting on Phase-2 procurement of 9,500 cars after Phase-1 deliveries are completed, Kumar said, "Mahindra & Mahindra has matched the bids. As per the tender, they can supply up to 40 percent of the order. It is up to them to decide about the quantum of supply within their permissible limit (40 percent)."
As reported on September 30, Tata Motors emerged as the lowest bidder for the 10,000 EV order with its lowest price of Rs 10.16 lakh exclusive of GST. Tata Motors’s offer of Rs 11.2 lakh, inclusive of GST and a comprehensive five-year warranty which is 25 percent below the current retail price of a similar e-car with a three-year warranty, helped the company bag the deal.