In the next 18 months, GM will introduce two new all-electric vehicles based off learnings from the Chevrolet Bolt EV. They will be the first of at least 20 new all-electric vehicles that will launch by 2023.
As per EESL, Tata Motors quoted the lowest price of Rs 10.16 lakh, exclusive of GST in the competitive bidding. These electric cars are meant for usage by ministries and government departments, either through direct purchase from EESL or lease.
While most business stories are about checks and balances, and which firm has the most numbers; there are times when business leaders do something out of the ordinary and set examples for a lot of us to follow. In this case, it is Mahindra Group - Chairman and Managing Director, Anand Mahindra congratulated competitor Tata Motors on Twitter on winning the bid for supplying 10,000 electric vehicles to EESL. The contract valued at Rs. 1120 crore is said to be world's largest single electric vehicle procurement. Interestingly, Mahindra as well as Nissan Motor applied for the same tender which was eventually awarded to Tata.
Toyota will take a 90 percent stake in the joint venture, called EV Common Architecture Spirit Co Ltd, while Mazda and Denso Corp, Toyota's biggest supplier, will each take 5 percent.
The Volkswagen-owned business last year awarded production of its first mass-produced electric sport-utility vehicle to a plant in Brussels, and has since been pressured by labor unions to allocate electric car projects to Germany.
The first in line for production will be a Mercedes-Benz S-Class rival as it looks to take on the luxury that the sedan offers, while staying a true off-roader at the heart.
