In my earlier blog :
I had assumed following figures :
· ALL government departmental cars are driver driven
· Run ( max ) of 100 km per day ( 20,000 km in 200 working days )
· At 12,000 km / year , total cost ( fixed + variable ) per km works out to Rs 22 , for a self driven petrol car ( no salary of a chauffer ) - CRISIL Research Study
· It would be safe to assume that this would be Rs 25 / km for an Electric car
· As against this , cost of hailing a UBER / OLA works out to Rs 19 / km !
Now consider these assumptions in light of the following :
· Two days back , EESL placed a order for purchase of 10,000 electric cars , at Rs 11.2 lakh each ( Total Value = Rs 1,120 crore )
· EESL will lease out these cars to Government Departments / Agencies , at a lease rent of Rs 45,000 per month ( Rs 540,000 per year ) – which , I assume , does not include a driver ( Hindustan Times / 30 Sept )
· So , that works out to Rs 27 per km ,( for 20,000 km / year ) , for the leasing department , without the salary of the driver
· If the salary of that “ departmental driver “ is ( say ) Rs 300,000 per year ( Rs 25,000 per month , inclusive of all perks / retirement benefits / leave etc ) , then that would add another Rs 15 / km for annual 200,00 km
· So , the total cost to the government department leasing the car from EESL , adds up to Rs 42 / km ( Rs 27 + Rs 15 )
If my assumptions are correct ( I look forward to EESL proving me wrong ! ), then following questions arise :
# Why should government departments incur a cost / km of Rs 42 , when it could
hire a UBER / OLA , for Rs 19 / km ? An extra of Rs 23 / km !
# Eventually , when EESL manages to replace existing 500,000 government owned
( petrol / diesel ) cars with Electric Cars , this extra cost could add up to Rs
2,300 Crore/year (5 Lakh cars * 20,000 km per year * Rs 23 / km difference )
Is this justified by saying : Since EESL is a government-owned company , this is
only transferring the money from one pocket to another : ?
# As per report in Hindustan Times ( 30 Sept ) , Government departments are
currently paying Rs 50,000 per month for leasing cars from private agencies
( about 150,000 cars , out of a total of 500,000 cars )
Is it not entirely possible – and nearly certain – that , if EESL tender was for “
Leasing instead of Buying “ , TATA and M&M , would have quoted Rs 15 per
km ( inclusive of a driver ) , thereby saving the government , Rs 2,700 crore per
year ( 5 lakh cars * 20,000 km/year * Rs 27 / km : : Rs 42 – Rs 15 ) ?
# Cost of Lithium-ion Battery constitutes between 50 % - 70 % of the Selling Price
of an Electric car . And this cost is dipping by approx. 20 % per year
So , the cost of that battery ( to TATA ) must be around Rs 6 lakh today , out of
its quoted price of Rs 11.2 lakh per car
Now , if 5,000 cars are likely to be delivered in 2018 and remaining 5,000 in 2019
then the battery costs would drop to below Rs 5 lakh by 2019
Did the EESL incorporate a “ PRICE DE-ESCALATION CLAUSE “ , in its tender ?
I hope Arnab Goswami ( or anchor of any other TV Channel ) gets to read this and then say :
NATION WANTS TO KNOW !
01 Oct 2017
www.hemenparekh.in / blogs