The Convergence Energy Services Limited (CESL) has floated bids for the procurement, supply, and maintenance of 4,675 electric buses. The project also includes the development of an allied electric and civil infrastructure on dry lease under the Phase II of the National Electric Bus Program (NEBP). According to the tender guidelines, the bidders must submit an earnest money deposit in the form of insurance security bonds. Also, within 28 days of receiving the letter of award, the selected bidders must provide performance security equal to 3 per cent of the total contract price.
The bidders can be an original equipment manufacturer (OEM), an operating subsidiary of an OEM, a financial aggregator. Alternatively, the bidder can be an operator who is not related to an OEM. While an OEM or an operating subsidiary of an OEM can bid as a single bidder. However, a financial aggregator must form a consortium with an OEM or an OEM subsidiary in order to participate in the tender. The successful bidder’s scope of work requires the OEM to cover all applicable battery and technology warranties for the duration of the contract. The bid submission deadline is February 20, 2023.
Recently in December 2022, the Delhi Transport Corporation (DTC) signed a definitive agreement with a subsidiary of Tata Motors for operating 1,500 electric buses. Tata Motors, with its fully owned subsidiary, TML CV Mobility Solutions Limited has collaborated for the operation of 1,500 electric buses in New Delhi. As part of the agreement, TML CV Mobility will supply, operate and maintain 1,500 units of 12 metre low-floor air-conditioned electric buses for a period of 12 years.
Also, in the same month, Tata Motors announced that Bengaluru Metropolitan Transport Corporation (BMTC) signed a definitive agreement with its fully owned subsidiary, TML Smart City Mobility Solutions Limited for operation of 921 electric buses in the city of Bengaluru. As part of the collaboration, TML Smart City Mobility Solutions will supply, operate and maintain 921 units of 12-metre low-floor electric buses for a period of 12 years.