In his statement, Rae reiterated India's support for successful conduct of free and fair elections. Another 48 vehicles will be donated to the election commission at a separate function held on Thursday.
Nepal, which goes to polls on November 19, had earlier sought 1,000 vehicles from the southern neighbour in order to hold the country's second constituent assembly election effectively.
India agreed to provide 716 vehicles to security agencies and another 48 to the election commission at a cost of R50 crore during External Affairs Minister Salman Khurshid's Kathmandu visit in July.
India had provided 500 vehicles to Nepal during the previous constituent assembly polls in 2008. The country will elect a new constituent assembly as the earlier one failed to draft a constitution.
Despite opposition to the polls by a prominent Maoist party and several other smaller players, India, China and the international community have backed the election as a must to end political instability in Nepal.