Tata Motors will make a profit on each Tigor EV sold to EESL

Tata Motors has said that it would make a profit on each electric vehicle sold to the government. 

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. The company would be selling the Tigor based electric vehicles to Energy Efficiency Services Limited (EESL), each priced at Rs. 11.2 lakh including an annual maintenance contract. 

If Mahindra is able to match Tata’s price, the latter would be supplying 6,500-7,000 units over the course of a year. The first batch of 500 cars is to be delivered by November 30, 2017, out of which Tata will supply 350 units, while Mahindra will deliver the remaining 150 units. 

The Tigor EV will be Tata Motors’ first electric vehicle in India. The car will be built at the company’s Sanand plant in Gujarat. 

Source: Economic Times