Energy Efficiency Services Limited (EESL), a super energy service company (ESCO) operating under the Union Ministry of Power, has announced the purchase of 250 electric cars. These cars will be purchased from Tata Motors and Hyundai Motor India. Both these companies have been selected through international competitive bidding.
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Tata’s 150 Naxon and Hyundai’s corner
According to information received from EESL, Tata Motors will supply 150 Nexon XZ and Electric Compact SUVs, while 100 Kona Electric Premium SUVs will be purchased from Hyundai Motor India Limited. These vehicles will be used for government purposes. Purchase orders were handed over to both the companies today in the presence of Gunter Butschek, CEO & MD, Tata Motors, Shailesh Chandra, President, Passenger Business Unit, Tata Motors and Tarun Garg, Director – Sales, Marketing & Service, Hyundai Motor India Limited .
The car is available at a lower price from the showroom
EESL will buy Tata Nexon at a price of Rs 14.86 lakh, which is Rs 13,000 less than its ex-showroom price of Rs 14.99 lakh. Hyundai Kona, which offers a greater range, will be purchased at a price of Rs 21.36 lakh, which is 11 per cent lower than the ex-showroom price. Along with this, a standard three-year warranty will also be given on it.
Grants from Asian Development Bank
EESL stated that 5 million (USD) of the recent grant from the Asian Development Bank (ADB) will be used for this purchase. This grant has been given to EESL for promotion and funding of high priority areas such as demand side energy efficiency sector projects.
Use of electric vehicles is the only priority
EESL’s Executive Vice Chairperson, Saurabh Kumar’s preference in the use of Mutabatic electric vehicles, a result of the company’s mobility program, reduces oil dependence on imports. At the same time, it will also promote the expansion of power capacity in India. This will improve the energy security situation of the country to a great extent and it will also help in reducing the emission of green house gases by the transport sector. Apart from this, he is also working on setting up more and more EV charging stations which will help in the sale of electric vehicles in future.