Bulk Tenders For Electric Rickshaws To Be Floated Soon: Report
The government is expecting bids to come from top auto players like Bajaj Auto, Mahindra and Mahindra, TVS and Piaggio Ape.
Oct 5, 2017 / 01:30 PM IST
The government plans to float bulk tenders to buy electric-powered three-wheelers and rickshaws soon. The government is expecting bids to come from top auto players like Bajaj Auto, Mahindra and Mahindra, TVS and Piaggio Ape, the Economic Timesreported.
The main idea is to get the state-run firms such as NTPC, Indian Oil Corporation, Power Grid Corporation together to set up the battery swap shops, the report said.
Schemes like this help cut down costs. For instance, under the Unnat Jyoti, prices of LED lamps fell nearly 80 percent in 2014.
The Centre is planning to first assess the demand for electric three-wheelers and e-rickshaws. Then, it will release a tender through a nodal agency, a senior official told ET.
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“The size and the agency have not been decided yet. The aim is to help lower the prices of electric vehicles through economies of scale and easy absorption of the battery vehicles in the Indian fleet,” he said.