Mahindra Gets Order for 4,000 Electric Cars from ESSL

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Mahindra Gets Order for 4,000 Electric Cars from ESSL

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Energy Efficiency Services (ESSL) had awarded Tata Motors a whooping Rs. 1120 Crore order for the supply of 10,000 electric vehicles last week. Now, it has been learnt that the state-run agency has placed an offer before the rival Mahindra & Mahindra to provide 40 percent of the total order if it matches the bid of Tata Motors. ESSL had released the global tender for 10,000 electric vehicles in August to replace five lakh petrol and diesel cars used by the government over three to four years in the ministry of power, coal, new and renewable energy.

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“Following due procedure, we have written to Mahindra today, asking them to match Tatas’ bid,“ Saurabh Kumar, managing director at Energy Efficiency Services (EESL), said on Tuesday. “If they agree, 40% of the order will go to Mahindra,“ he told ET. Tata Motors bagged the order as it quoted the lowest bid of Rs. 10.20 Lakhs per unit, excluding goods and service tax (GST). The ESSL would have to pay Rs. 11.20 Lakhs for one electric car including GST and a comprehensive five-year warranty. Currently, Mahindra has a fair chance to grab the 40 percent of the total order if it matches Tata’s lowest bidding. The company was the second lowest bidder with quote of Rs. 13 Lakhs for each electric vehicle.
ESSL has given a week’s time to Mahindra to respond as on this basis, the letters of award will be given to the companies. “If they don’t respond in a week, we will send them a reminder,“ Kumar said. “By the middle of this month we should be able to close the deal.“ Tata Motors might not be able to process the entire order of 10,000 electric vehicles if Mahindra decides to lower down its quoted price as then it would be able to retail only 6,000 cars. In the first phase of the procurement, EESL will purchase 500 electric vehicles, while the remaining order will be procured in a second phase. “We expect the e-vehicles to start coming in by middle of November this year,“ Kumar said. The company was planning to bring 10,000 vehicles on the road in Delhi-NCR within the next seven to eight months.