Monday 23 October 2017
 
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Tata wins India deal to supply 10,000 e-cars

MUMBAI, 23 days ago

Tata Motors, a leading player in the Indian automotive industry, has won an India government order for 10,000 electric cars as the country makes efforts to reduce emissions and curb fuel imports.

The maker of high-end Jaguar and Land Rover models and the Nano small car will initially supply 500 vehicles to government-backed Energy Efficiency Services Limited in November, with the remaining 9,500 autos to be delivered in a second phase, reported Bloomberg.

Tata Motors, Mahindra & Mahindra and Nissan Motor participated in the tender, termed by EESL as the world’s largest single electric-vehicle procurement, according to the statement.

The car will be provided to EESL for 1.12 million rupees ($17,200) apiece, including tax and a five-year warranty. EESL will also seek bids for a fleet manager, stated the report.

The electric cars will replace petrol and diesel vehicles used by the federal government and its agencies over a period of three to four years. Those entities operate a fleet of about 500,000 vehicles, it added.

EESL, which offers consulting and financing for energy-reduction projects, is a joint venture between India’s Ministry of Power and state-backed companies in the power industry such as NTPC, Rural Electrification Corp., Power Grid Corp. of India Ltd. and Power Finance Corp., as well as the Bureau of Energy Efficiency.

Prime Minister Narendra Modi has asked senior ministers to lead an initiative to ensure that by 2030 almost all vehicles in India are powered by electricity as a way to curb oil imports and reduce air pollution, said the Bloomberg report.

The country’s carmakers, including Mumbai-based Tata Motors and New Delhi-based Maruti Suzuki India, are considering making electric vehicles for the $30 billion auto market, it added.




Tags: India | Tata Motors |

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