Tender Floated to Empanel Vendors to Lease 1,000 Electric Cars

The last date to submit the bids online is December 29, 2021


Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), has invited bids to empanel vendors to lease an estimated 1,000 electric four-wheelers (E4Ws) for various government departments and other clients across India.

The last date to submit the bids online is December 29, 2021. Bids will be opened on the same day.

The empanelment will be valid for two years and may be extended if required by CESL.

The successful bidder will have to furnish ₹1.5 million (~$19,882) as an empanelment performance guarantee within 28 days of the receipt of the notification of award.

The bidder should have been in existence for the last three financial years. The company should be experienced in fleet management and leasing at least 300 e-cars to a government organization, public sector undertakings, and private clients for a minimum of one year.

The bidder should have an average annual turnover of ₹450 million (~$5.96 million) during the last three financial years. The net worth of the bidder in the last financial year should not be less than 100% of the paid-up share capital.

Any bidder from any country that shares a land border with India will be eligible to bid only if it is registered with the competent authority.

Non-local suppliers are not eligible to bid in this tender.

CESL has stated that 25% of the tendered quantity has been reserved for micro and small enterprise (MSE) suppliers. Out of the 25% reserved for MSE suppliers, 4% has been earmarked for procurement by MSEs owned by Scheduled Caste and Scheduled Tribe entrepreneurs, and 3% has been reserved for women-owned MSEs.

If the MSE vendor participating in the tender quotes within the price band of lowest (L1) + 15%, the vendor will be allowed to supply 25% of the requirement subject to the acceptance of the L1 price. In the case of more than one such MSE (L1+15%), the supply will be shared proportionately, subject to the condition that such MSEs match the L1 price.

In October this year, CESL invited expressions of interest to empanel financial institutions for financing EVs across India.

Earlier, CESL had invited original equipment manufacturers (OEMs) to empanel themselves for supplying electric two-wheelers (E2Ws) in Andhra Pradesh.

Subscribe to Mercom’s India Solar Tender Tracker to stay on top of tender activity in real-time.