CESL, a state-owned company, said on Tuesday that it will purchase 300 electric vehicles from Tata Motors. According to a release, the acquisition is part of the Asian Development Bank's line of credit to CESL's Scaling up Demand-Side Energy Efficiency Sector Project.
"Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), has issued a Letter of Award to Tata Motors for the purchase of 300 electric automobiles with a three-year warranty."
According to a CESL release, "this will consist of 300 four-wheeler electric automobiles (with a length of less than 4 metres) with a range of equal to or greater than 250 kilometres."
CESL will collaborate with Tata Motors to deliver these vehicles to government agencies interested in making the switch to electric vehicles, according to the company.
"Electric cars are the way of the future. I am ecstatic that more and more government institutions in India are adopting electric vehicles. Our partnership with Tata Motors is a positive step forward for India's transport future. Convergence is dedicated to helping the country create a thriving electric vehicle ecosystem "Mahua Acharya, CESL's CEO and MD, stated in a statement.
"Tata Motors is committed to supporting the government's aim of aggressively adopting e-mobility, and we are thrilled to once again cooperate with CESL. To promote the broad acceptance of environmentally friendly solutions, stakeholders must work together purposefully "According to Shailesh Chandra, President of Tata Motors' Passenger Vehicle Business Unit.
The tender is estimated to cost Rs 44 crore in total.
The tender will be carried out in two stages: the first would see 300 cars with a three-year guarantee (4-wheelers with a length of less than 4M and a range of equal to or greater than 250 km) acquired at a base price of Rs 14,33,000 per unit, exclusive of GST.
The tender will be carried out in two stages: the first would see 300 cars with a three-year guarantee (4-wheelers with a length of less than 4M and a range of equal to or greater than 250 km) acquired at a base price of Rs 14,33,000 per unit, exclusive of GST.
Convergence Energy Services Limited (Convergence), a wholly owned subsidiary of EESL, is a new electricity firm focused on providing clean, cheap, and reliable energy.
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