Anand Mahindra’s Sporting Comment As Tata Motors Bags Contract For 10,000 E-cars

The contract valued at 1120 crore is said to be world's largest single electric vehicle procurement.

Anand Mahindra?s Sporting Comment As Tata Motors Bags Contract For 10,000 E-cars

Anand Mahindra congratulated Tata Motors for winning a contract for 10,000 electric vehicles

While most CEOs would not publicly congratulate a competitor for beating them to a prestigious contract or a new custormer, Anand Mahindra, Mahindra Group’s Chairman and Managing Director showed a sense of sportsmanship after Tata Motors announced that Energy Efficiency Services Ltd (EESL), under the administration of the Ministry of Power will procure 10,000 electric vehicles (EVs) from Tata Motors. The company has bagged the order following  an international competitive bidding, pipping Mahindra & Mahindra (M&M) and Nissan. The contract valued at ₹ 1120 crore is said to be world's largest single electric vehicle procurement.

In a tweet, Anand Mahindra said, "Congratulations @TataMotors ! A terrific price.Delighted the revolution in the EV market has begun.With more players,the market will expand."
  EESL said Tata Motors quoted the lowest price of Rs 10.16 lakh exclusive of GST in the competitive bidding. The vehicle will be provided for Rs 11.2 lakh, which will be inclusive of GST and comprehensive 5 year warranty which is 25 per cent below the current retail price of a similar e-car with 3 year warranty.

Tata Motors will supply the electric vehicles (EVs) in two phases with 500 e-cars in the first phase in November 2017 and the remaining 9,500 electric vehicles (EVs) in the second
phase, EESL said in a statement.

Citing a Niti Aayog report, EESL said making India's passenger mobility shared, electric, and connected can cut the country's energy demand by 64 per cent and carbon emissions by
37 per cent in 2030.

"This would result in a reduction of 156 Mtoe (million tonne oil equivalent) in diesel and petrol consumption for that year & at $52/bbl of crude, this would imply a net savings of roughly Rs 3.9 lakh crore in 2030," the company said.