State-run Energy Efficiency Services Ltd (EESL) today said it will procure 10,000 electric cars from Tata Motors, an order valued at around Rs 1,120 crore.
Tata Motors will supply the electric vehicles (EVs) in two phases with 500 e-cars in the first phase in November 2017 and the remaining 9,500 electric vehicles (EVs) in the second phase, EESL said in a statement.
EESL said Tata Motors quoted the lowest price of Rs 10.16 lakh, exclusive of GST in the competitive bidding.
"The vehicle will be provided for Rs 11.2 lakh, which will be inclusive of GST and comprehensive 5 year warranty which is 25 per cent below the current retail price of a similar e-car with 3 year warranty," it added.
"All these 10,000 electric cars will be will be procured within nine months period from the date of issue of letter of intent," EESL Managing Director 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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