Breaking News

Tata Motors takes the lead in e-vehicles; bags order for 10,000 EVs

Even as Tata Motors may appear to be struggling in the fossil fuel based passenger car segment, it has now taken the lead in the electric vehicle (EV) segment by winning an order for 10,000 electric vehicles. The order has been placed by the Energy Efficiency Services Limited (EESL) and the contract has been given to Tata Motors. The order was processed through a global bidding process, which saw many companies participating such as Nissan, Mahindra & Mahindra (M&M), etc. However, the contract was finally awarded to Tata Motors since it had placed the most competitive bid for the project. Tata Motors had quoted the price of Rs 10.16 lakh per unit, which was the lowest in the bidding. However, GST was not included in the bid price and it would be paid extra. The final price including the GST is expected to be Rs 11.2 lakh per unit.

Tata Motors will also be providing a comprehensive 5-year warranty on its electric vehicles. The bid by Tata Motors was very competitive, as the price quoted by the company is 25 percent less than the existing retail price of a similar electric vehicle. Moreover, Tata Motors is providing 5 years warranty whereas current electric vehicle manufacturers provide only 3 years warranty. Tata Motors will be delivering the e-vehicles to EESL in two phases. The first 500 cars will be delivered in November 2017, whereas the remaining 9,500 will be delivered in the second phase.

About Satya Singh

Comments are closed.

Scroll To Top