Bids floated by CESL for leasing 3,500 electric four-wheelers

The Convergence Energy Services Limited (CESL) has issued a request for proposals to lease 3,500 electric four-wheelers to various departments and autonomous bodies across 18 states and union territories for a period of three to five years. According to the company, financiers must purchase the vehicles and lease them to CESL or the government partner for a set period of time. Furthermore, CESL will charge a service fee for making the aggregated demand for cars available.

CESL will also hire a fleet management agency through the tender to deploy electric vehicles (EV) across India. Original equipment manufacturers, leasing companies, and non-banking financial corporations can submit proposals for EV consolidation. The bidding document costs Rs 25,000. Within 28 days of receiving the letter of award, bidders must submit a performance security equal to 3 per cent of the total contract price. 

The scope of work requires the chosen agency to supply spare parts for the facilities’ operation and maintenance. The facilities must be designed, manufactured, installed, and completed by the contractor or agency. The agency must also ensure CESL’s long-term availability of spares for the duration of the contract’s coverage. The deadline for bid submissions is January 20, 2023.

Recently in January 2023, CESL 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.