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M&M Says Price Quoted By Tata For Electric Cars Is ‘Hard To Comprehend’

6Oct By PriyankaNo Comments

INDIA

M&M Says Price Quoted By Tata For Electric Cars Is ‘Hard To Comprehend’

Mahindra & Mahindra, the sole maker of electric cars says the bid by rival Tata Motors which it bid in the contract with Energy Efficiency Services (EESL) is too low. “We find the price (quoted by Tata Motors) hard to comprehend,” Mahindra managing director Pawan Goenka said. Last week, Tata Motors offered to supply the electric vehicles at Rs 11.2 lakh each, inclusive of the GST and a five-year warranty. Mahindra quoted more than Rs 13 lakh and subsequently agreed to match the bid by Tata Motors to win part of the order. The tender was for 10,000 vehicles. Tata Motors earlier was supposed to supply the electric vehicles (EVs) in two phases– 500 e-cars in the first phase in November 2017 and the remaining 9,500 EVs in the second phase. But now, since M&M has qualified, it will...

After Tata, Mahindra & Mahindra Bagged The Electric Car Contract From Indian Government

5Oct By PriyankaNo Comments

BUSINESS

After Tata, Mahindra & Mahindra Bagged The Electric Car Contract From Indian Government

State run Energy Efficiency Services (EESL) on Wednesday said that Mahindra & Mahindra has matched the Tata Motor's lowest bid price to supply 150 electric vehicles. The stocks of Mahindra & Mahindra shot up by 2% as soon as the it grabbed the deal. "Post the tender opening, Tata Motors had emerged as the lowest bidder and Mahindra as the second lowest bidder. Mahindra has agreed to match the lowest bidding pricing for phase I and has, therefore, qualified to supply 150 electric vehicles, as per the tender conditions," State-run Energy Efficiency Services Limited (EESL) said in a statement. Tata Motors earlier was supposed to supply the electric vehicles (EVs) in two phases– 500 e-cars in the first phase in November 2017 and the remaining 9,500 EVs in the second phase. But now...

Tata Motors Bags Rs 1120 Crore Order For Procuring Electric Cars To Government

3Oct By AnkitaNo Comments

INDIA

Tata Motors Bags Rs 1120 Crore Order For Procuring Electric Cars To Government

Tata Motors raises Rs 1120 crore order from Energy Efficiency Services Ltd (EESL) for procuring 10,000 electric cars, which will replace diesel and petrol cars used by government and its departments, an effort to cut fuel consumption and reduce pollution. Tata Motors will supply the electric vehicles (EVs) in two phases-- 500 e-cars in the first phase in November 2017 and the remaining 9,500 EVs in the second phase, EESL said in a statement. The bidding around also saw participation from Mahindra & Mahindra (M&M) and Japanese carmaker Nissan. Mahindra & Mahindra, the other contender, can win part of the order if it matches the bid by Tata Motors. "The vehicle will be provided for Rs 11.2 lakh, which will be inclusive of GST and comprehensive 5-year warranty which is 25 p...

Tata Motors Shuts Down Loss Making Small Car Tata Nano Production

5Nov By AdityaNo Comments

News

Tata Motors Shuts Down Loss Making Small Car Tata Nano Production

Days after ousted Tata Sons chairman Cyrus Mistry blamed Nano for bleeding Tata Motors, the company today said it has significantly written off development cost and investments related to the car and is now refocusing its strategy on "growing and attractive segments" of the passenger vehicles market. The company, however, refuted Mistry's allegations that another reason for it not shutting down the Nano, besides emotional reasons, was the supply of gliders to an electric car maker in which Ratan Tata has a stake. "... due to combination of several factors including project delays, due to change in location of the factory and the perception of being a low-priced car, the volumes initially anticipated did not materialise and utilisation of capacities are significantly lower," Tata Motors ...

Ashok Leyland Launched First Zero Emission Made in India Electric Bus

17Oct By AnkitaNo Comments

Automobile

Ashok Leyland Launched First Zero Emission Made in India Electric Bus

Ashok Leyland, India's major commercial vehicle launched ‘Circuit’ Series – first Made in India Electric Bus on monday. The 100 per cent electric bus is a zero-emission, non-polluting vehicle, created specifically for Indian roads and passenger conditions and most important Made in India. This new Circuit range of vehicles will be offered on multiple platforms and exclusively engineered on India-specific platforms that can tackle varied topography, gradients, and usage conditions. Integrated with a fire detection and suppression system (FDSS), this truly Indian innovation can travel 120 kilometers on a single charge. “The Circuit series of buses is another testament to Ashok Leyland’s commitment to leverage India’s technological innovation to deliver relevant and best-in-class soluti...