M&M to bid for phase 2 of EESL deal for e-vehicles

Mahindra & Mahindra like to make a bid for the leftover 9,500 Evs to be supplied to state-run Energy Efficiency Services Ltd (EESL) after initially hesitating to participate in the second phase. Managing Director Pawan Goenka,“We have decided that we will be bidding for the phase 2 of the EESL tender. However, we are yet to take a call on how many vehicles we’ll be bidding for.” According to Goenka, M&M is losing money on every car supplied by M&M in the first phase of the contract, leaving very little doubt on whether the company will bid for the remaining batch. “The EESL contract will be a tipping point for electric vehicles in India,” Goenka said.

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