New Vehicle Wet Lease Hiring and Maintenance Services

Work Description - NA

This tender description is for the "Leasing In of Assets - Wet Lease" by the Power Finance Corporation Limited, a Maharatna CPSE under the Ministry of Power. Specifically, the requirement is for the hiring of new cars and MUVs on a wet lease rental basis, where maintenance responsibilities will be borne by the lessor. The bid is identified by Bid Number GEM/2026/B/7875979 and will commence on August 12, 2026, at 6:22 PM, closing on September 2, 2026, at 11:00 AM. The issuing authority is the Power Finance Corporation Limited, located at Urjanidhi, 1 Barakhamba Lane, Connaught Place, New Delhi - 110001. Prospective bidders should note that this is a leasing requirement for new vehicles, with the lessor responsible for all maintenance.