Electric and Hybrid Vehicle Leasing Services for Rural Electrification Corporation

This tender, issued by the Rural Electrification Corporation Limited (REC Limited), located at I-4, Sector-29, Gurugram, Haryana, India, under the Ministry of Power, invites bids for the leasing of electric and hybrid category vehicles. The bid number for this opportunity is GEM/2026/B/8108964, and it is dated 01-10-2026. Interested parties are advised that the bid will commence on 05-11-2026 at 1:00 PM and will close on 06-11-2026 at 1:00 PM. The tender specifically outlines two primary categories of vehicle leasing: "Leasing In of Assets - Wet Lease (maintenance to be borne by lessor)" for electric and hybrid category vehicles, and "Leasing of Electric Category Vehicle as per bid terms on Dry Lease Basis - without Driver and Fuel" and similarly for hybrid vehicles. The wet lease terms mandate that the lessor will be responsible for all maintenance, while the dry lease requires the lessee to provide drivers and fuel. Further details regarding the specific terms and conditions for both electric and hybrid vehicle leases, including maintenance responsibilities where applicable, are elaborated within the bid documents.