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EESL to obtain 250 EVs from Tata Motors, Hyundai Motor India

Friday, 04 Sep 2020
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Energy Efficiency Services (EESL) has selected Tata Motors and Hyundai Motor India in an international bidding process for procurement of 250 electric vehicles (EVs) for government entities.

Tata Motors will supply 150 Nexon electric compact SUVs and Hyundai Motors India will supply 100 Kona electric premium SUVs.

The total tender value is Rs 41.6 crore. For the procurement, EESL will utilise the USD five million (around Rs 37 crore) grant recently provided to it by the Asian Development Bank.

EESL will procure the Nexons at Rs 14.86 lakh each. The Konas, which offer a higher range, will be procured at an 11 percent lower price band of Rs 21.36 lakh, with a standard three-year warranty.

These EVs will replace the petrol and diesel vehicles of the Central and state governments. This is Tata Motor’s second partnership with EESL in the EV space.

The letter of award (LoA) for the procurement has been presented to the two companies.

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