EESL to procure 250 Electric Vehicles from TATA Motors Limited & Hyundai
Motor India Ltd
Tata
Motors Limited to supply 150 Nexon XZ+ electric compact SUVs &
Hyundai Motor India Ltd. to supply 100 units of its Kona electric
Premium SUVs
EESL presented the letter of award for the tender to Tata Motors Ltd & Hyundai Motor India Ltd.
Energy
Efficiency Services Limited (EESL), a Super Energy Service Company
(ESCO) under the administrative control of Ministry of Power, Government
of
India, will procure 250 electric vehicles from Tata Motors and Hyundai
Motor India. The companies were selected through an international
competitive bidding process, which was aimed at increased
participation. Tata Motors Limited and Hyundai Motor India Limited
won the tender and now will supply 150 Nexon electric compact SUVs
& 100 Kona electric premium SUVs respectively for government use.
The letter of award for the procurement was presented to the two
companies, in the presence of
Mr. Guenter Butschek, CEO & MD, Tata Motors, Mr. Shailesh
Chandra, President, Passenger Vehicle Business Unit, Tata Motors and Mr.
Tarun Garg, Director – Sales, Marketing & Service, Hyundai Motor
India Ltd.
This
procurement will utilize 5 Million USD from the recent grant provided
by the Asian Development Bank (ADB).
EESL has received financing from ADB towards the cost of scaling up and
financing high priority areas like Demand Side Energy Efficiency Sector
Projects.
Mr. Saurabh Kumar, Executive Vice Chairperson, EESL
said, “A
shift to EVs, facilitated by our e-mobility programme will reduce
dependence on oil imports and promote power capacity addition in India.
This will greatly enhance the energy security of the country and will
also lead to reduction in GHG emissions from the transport sector.
Furthermore, we’re also working on rapid establishment of EV charging
stations, which will
give a fillip to the electric vehicle sales, going forward”
Mr. Seon Seob Kim, MD & CEO, Hyundai Motor India Ltd,
said, “Guided by our vision ‘Progress For Humanity’, we have been
developing eco-friendly and human centric technologies that provide the
best experience for our customers. As a caring and responsible brand, it
is our privilege to align with the government’s
goal for clean energy and collaborate with all stakeholders to create a
sustainable ecosystem for electric mobility. Hyundai will continue to
bring world class eco-friendly products and technologies for Indian
market contributing towards the cleaner and greener
environment”
Mr.
Shailesh Chandra, President, Passenger Vehicle Business Unit, Tata Motors,
said, “Electric mobility is gaining ground in the country and
partnerships such as these are pivotal for building the requisite
momentum. We have been partnering EESL and are pleased to provide more
EVs to them for government use, enabling a smooth and sustainable
transition to a future-oriented mobility solution. As the leader of the
fast growing EV segment, Tata Motors is committed to popularise their
access and use across India”
EESL
is driven by the objective of facilitating faster adoption of
disruptive technology solutions, while balancing
economic development and environmental sustainability. With this
specific initiative, EESL seeks to create the market for electric
vehicles, through its unique business model of aggregation of demand and
bulk procurement. EESL is seeking to leverage the immense
potential of replacement of existing vehicles in the government
departments for initial demand aggregation.
EESL
will procure Tata Nexon at INR 14.86 lakh each, INR 13,000 cheaper than
its ex-showroom price of INR 14.99
lakh whereas, Hyundai Kona, which offers a higher range, will be
procured at an 11% lower price band of INR 21.36 lakh and with a
standard three-year warranty. These electric vehicles will replace the
existing fleet of petrol and diesel vehicles of the Central
and State Governments. EESL has already received an order for 300 Long
Range EVs from The Agency for Non-Conventional Energy and Rural
Technology (ANERT), Kerala to be supplied in initial phase.
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