CESL to acquire 300 electric vehicles from Tata Motors, Energy News, ET EnergyWorld

State-owned CESL said on Tuesday it would buy 300 electric vehicles from Tata Motors. The market is part of the demand-side energy efficiency sector strengthening project funded by the Asian Development Bank’s line of credit to CESL, according to a statement.

Convergence Energy Services Limited (CESL), a 100% subsidiary of Energy Efficiency Services Limited (EESL) has placed an award letter in favor of Tata Motors for the acquisition of 300 electric cars with 3 years warranty.

“It will be 300 four-wheeled electric cars (whose length is less than 4 meters) and a range equal to or greater than 250 km,” said a statement from CESL.

CESL will work with Tata Motors to deploy these vehicles to government entities wishing to switch to electric vehicles, he added.

“Electric vehicles are the future. I am so happy that more and more government entities in India are switching to electric transport. Our association with Tata Motors is a good development for the future of mobility in India. Convergence is Determined to develop a thriving electric vehicle ecosystem in the country, “CESL CEO and MD Mahua Acharya said in the statement.

“Tata Motors is committed to supporting the government’s vision to actively embrace electric mobility and we are delighted to partner again with CESL. Deliberate collaboration among stakeholders is essential to accelerate mass adoption of respectful solutions environment, ”Shailesh Chandra, President, Passenger Vehicle Business Unit, Tata Motors, said.

The total cost of the offer is around Rs 44 crore.

The tender will be implemented in two schedules – according to the first schedule, 300 cars with a 3 year warranty (4 wheels with less than 4M in length and a range equal to or greater than 250 km) will be purchased at the price base of Rs 14, 33,000 per unit, excluding GST.

The second schedule will include domestic transportation, including loading, unloading, transfer to a designated location, transit insurance and other costs incidental to vehicle delivery. This will be done at a cost of Rs 21,000 per unit.

A wholly owned subsidiary of EESL – Convergence Energy Services Limited (Convergence), a new energy company focused on providing clean, affordable and reliable energy.


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