Energy Efficiency Services Limited (EESL) will procure 250 electric vehicles from Tata Motors and Hyundai Motor India for government use. This procurement will utilise $5 million from the recent grant provided by the Asian Development Bank (ADB).
EESL has received financing from ADB towards the cost of scaling up and financing high priority areas like demand side energy efficiency sector projects. The companies were selected through an international competitive bidding process, which was aimed at increased participation. Tata Motors Limited and Hyundai Motor India Limited won the tender and now will supply 150 Nexon electric compact SUVs and 100 Kona electric premium SUVs respectively for government use.