The partnership comes three weeks after Mahindra matched Tata Motors’ bid in an EESL tender to procure 10,000 EVs for the central government. Photo: ReutersMumbai: India’s only electric vehicle (EV) manufacturer Mahindra & Mahindra Ltd and state-owned Energy Efficiency Services Ltd on Monday signed an agreement to collaborate for a LED installation programme across Mahindra’s 18 manufacturing facilities in India to promote energy efficiency. This programme is EESL’s first private sector partnership to promote energy efficiency. Mahindra is expecting an entire payback of Rs16 crore from the programme within a year’s time, according to Pawan Goenka, managing director, Mahindra & Mahindra. This partnership comes three weeks after Mahindra matched Tata Motors Ltd’s bid in an EESL tender to procure 10,000 EVs for the central government and its agencies.

Source: Mint October 23, 2017 18:45 UTC