Tuesday, 3 April 2018

Buy or Lease ?





That ought to be the question for EESL which just announced its plan to “ purchase “another 20,000 Electric Cars before March 2019



I suppose , this is on top of the 10 , 000 cars for which , it tendered a few months back and placed orders for 500 cars on TATA and 150 cars on Mahindra



Why is EESL keen on “ outright purchase “ when , recently several Municipalities have been opting for wet-leasing of buses ?



For details, read :




 



Highlights :


Goldstone-BYD placed bids as low as ₹29.28 per km for a 9-meter AC bus to Bengaluru, followed by ₹36 per km bid for a similar one for Hyderabad.


Tata Motors won a similar contract in Jaipur with ₹70 per km bid. The Centre is evaluating the per bus cost in such cases to derive subsidy outgo, the official said.




And these prices are for a tender for 230+40  buses only  !



In my following earlier blogs ( sent as emails to Policy Makers + EESL ), I have strongly urged EESL to “ wet lease “ those 20,000 Electric Cars , rather than buy



I have estimated that “ per km “ lease-charge could drop below Rs 15 per km !



And , if wet lease was resorted , Government can save thousands of crore of rupees annually !



I hope better economic sense will prevail !



EESL: Lease cars , do not Buy !  [ 16  Aug  2017  ]

Waitingto be proved wrong !  [  30  Sept  2017  ]

https://myblogepage.blogspot.com/2017/09/waiting-to-be-proved-wrong.html

 

To Buyor not to Buy ?  [  11  Oct  2017  ]

https://myblogepage.blogspot.com/2017/10/to-buy-or-not-to-buy.html

 

Logical toLease  [  06  Mar  2018  ]

https://myblogepage.blogspot.com/2018/03/logical-to-lease.html

 

03  April  2018

www.hemenparekh.in / blogs

 

 





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