Key highlights:

  • Tata Motors last week won the bid from the government to supply 10,000 electric vehicles
  • Tata Motors won the bid by quoting the lowest price of Rs 11.2 lakh each
  • Mahindra, which had quoted more than Rs 13 lakh each

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Tata Motors last week won the bid from the government to supply 10,000 electric vehicles. This was a mammoth win for the car manufacturer in the electric vehicle segment. A bid which was contested by Nissan and Mahindra & Mahindra (M&M) but did not manage to get it.

Tata Motors won the bid by quoting the lowest price of Rs 11.2 lakh each, inclusive of the GST and a five-year warranty. This even came as a surprise to top electric car manufacturer in the country, Mahindra, which had quoted more than Rs 13 lakh each.

Even Pawan Goenka, Managing Director of Mahindra was surprised by Tata Motors winning the bid as he said that they find the price quoted Tata Motors hard to comprehend, according to an Economic Times report.

Tata Motors edges out Nissan, M&M to supply 10,000 electric cars

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