Mahindra MD Pawan Goenka says the price bid by rival Tata Motors for the government’s electric vehicle (EV) contract ‘is hard to comprehend’. Mahindra matched the lowest bid of Rs10.16 lakh per vehicle made by Tata Motors Ltd as it wanted to be part of the government’s electric mobility mission, said Goenka. “We do not know the basis on which the L1 bidder (Tata Motors) chose this low price,” said Goenka. Without commenting on specifics, a Tata Motors spokesperson said in an email that the company’s offer for the EESL tender is based on a sound business model. Mahindra was the only one to bid for the entire order of 10,000 vehicles while Tata Motors bid for 5,000 vehicles, Goenka said.

Source: Mint October 05, 2017 15:23 UTC