CESL floats rate contract for 1,000 e-cars

New Delhi: Convergence Energy Services (CESL) on Thursday said it has floated a rate contract for procuring 1,000 electric cars on a five-year lease on a pan-India basis. The rate contract is under the ‘EV as a Service’ model developed by CESL and will target to deploy 1,000 e-cars across India in the first phase, the company said in a statement.

According to the statement, such deployment will include the provision of fleet management services, including repair and maintenance, vehicle insurance, roadside assistance, and drivers (optional). CESL, a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL), which is under the Ministry of Power has placed a rate contract for a five-year lease of 1,000 e-cars, on a pan-India basis.