Tata Motors Passenger Vehicles Ltd.

Tata Motors has emerged as the lowest bidder in the mega tender for 5,450 electric buses floated by Convergence Energy Services (CESL) under the remodelled FAME II scheme. Discovered prices of the Grand Challenge tender are between 15 per cent and 48 per cent lower than the price discovered by the cities and even at par or close to the operational cost of diesel vehicles.

This tender establishes a benchmark for public transit going forward in terms of a business model. It allows state agencies to purchase mobility as a service - where operators are paid a fixed price denominated as rupees per kilometre over a period of time.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.