Tata Motors has contract of 10,000 electric vehicles from EESL

Energy Efficiency Services Ltd, a state-run unit announced world’s largest single electric vehicle procurement from Tata Motors. EESL has selected Tata Motors on electric competitive bidding for this procurement, other participating for tender were Mahindra & Mahindra (M&M) and Nissan.

EESL was set up under Union Minister of power to facilitate implementation of energy efficiency projects, a joint venture of NTPC Limited, Power Finance Corporation (PFC), Rural Electrification Corporation  and POWERGRID. Also, leads market-related actions of National Mission for Enhanced Energy Efficiency (NMEEE). IT also acts as the resource Centre for capacity building of State DISCOMs. This moves main aim to make India’s passenger mobility shared electric and connected to cut country’s energy demand by 64% and carbon emissions by 37% in 2030 all over tackling pollution on a major scale. It will result in a reduction of 156 million tonnes oil equivalent in diesel and petrol consumption per year and net saving would also be seen around Rs3.9 lakh.

Tender from Tata lowest at 10.16 lakh exclusive of GST in competitive bidding. In part, supply would be done 500 e-cars in the first phase in November 2017 and remaining 9500 EVs in second with 5years warranty which 25% below the current retail price of similar e-cars with 3years warranty.

As Indian government said that it only wants electric vehicles to ply on India roads by 2030 and top companies have come up with their plans being Gujarat preferred destination. Legendary entrepreneur founder of Electric vehicle maker US Telsa was determined to enter the Indian market. As Indian automobile market is tipped to become 3rd largest by 2020 according to JD Power and Ernst & Young, Given fact government  target to turn all electric in next 13 years. Seeing government strong push Telsa certainly see emerging big market. A willing and cooperating government would also mean encouraging policies, As for Telsa by the time it faces serious competition in North America it can have a strong foot hold in India as well as China, that can together surpass the American car markets.