Mahindra matches Tata's bid, to supply 150 e-cars in Phase-1
Mahindra & Mahindra has matched the lowest bid price offered by Tata Motors under the largest auction of 10,000 electric cars held last week and will supply 150 vehicles in the first phase, state-run Energy Efficiency Services Ltd (EESL) said today.
"ESSL confirms order for Phase 1 of its Electric Vehicle tender Mahindra & Mahindra matches lowest bid price, quoted by Tata Motors," the EESL said in a statement.
Mahindra and Mahindra will supply 150 electric vehicles in the first phase, it said.
In Phase 2, 9,500 vehicles will be ordered post Phase 1 deliveries.
"As per the tender conditions, Mahindra and Mahindra can supply up to 40 per cent of the order. But they have agreed to supply 30 per cent of the order of 500 electric cars in Phase-1. Thus they would supply 150 cars and Tata Motors would supply 350 cars," EESL Saurabh Kumar told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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