Profit for Tata Motors on each Tigor EV sold
to EESL
After the statement from TATA chairman that
none of the TATA cars are profitable till now, this news came as a welcome
message from the 4th largest Indian passenger vehicle manufacturer. Tata
Motors had set a record by getting the largest electric car order from EESL (Energy
Efficiency Services). Tata Motors has also said that it would make a profit on
each electric vehicle sold to the government. TATA is ticking the right boxes
in the Latest car news category
which is giving them due attention.
Tata recently bagged a government order for 10,000 electric sedans by out-bidding rival Mahindra. Tata undercut Mahindra’s bid by Rs 2.3 lakh. Tata Motors had bid for Rs 11.2 lakh including annual maintenance contract, which was Rs 2.3 lakh lower than M&M's bid.
If Mahindra is able to match Tata’s price, the latter would be supplying around 6.5 K units over the course of a year. The first batch of 500 cars is to be delivered by later in the month, out of which Tata will supply 70% of the units, while Mahindra will deliver the rest.
The Tigor EV will be Tata Motors’ first electric vehicle in India. The car will be rolled form its Sanand plant on the outskirts of Ahmedabad.
Tata recently bagged a government order for 10,000 electric sedans by out-bidding rival Mahindra. Tata undercut Mahindra’s bid by Rs 2.3 lakh. Tata Motors had bid for Rs 11.2 lakh including annual maintenance contract, which was Rs 2.3 lakh lower than M&M's bid.
If Mahindra is able to match Tata’s price, the latter would be supplying around 6.5 K units over the course of a year. The first batch of 500 cars is to be delivered by later in the month, out of which Tata will supply 70% of the units, while Mahindra will deliver the rest.
The Tigor EV will be Tata Motors’ first electric vehicle in India. The car will be rolled form its Sanand plant on the outskirts of Ahmedabad.
On the other hand, the M&M chairman has
given issued a statement that this deal is not going to be profitable for them.
M&M has electric products under its Verito label and will be utilizing the
same. M&M claims that the Verito is bigger and more powerful than its
competitor. M&M is the only company that already has the electric car in
the Indian market as of today.
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