Tata Motors secures mega electric vehicles contract from EESL

Tata Motors Limited has won a contract for supplying 10,000 electric vehicles (EVs) to EESL. In the first phase, EESL will procure 500 EVs for various government departments. Tata Motors will deliver 350 EVs at a price of Rs 1.01 million per vehicle (exclusive of the goods and services tax) in the first phase. Meanwhile, the remaining 150 EVs will be supplied by Mahindra & Mahindra Limited, the second lowest bidder, which agreed to match the bid made by Tata Motors.