Do they have
an option ?
Economic Times ( 13 April ) carries following news report :
From this report , here is how I summarized this offer :
Nodal Agency………………………………………………….. ….EESL
Customers…………………………………………………………. Govt Depts / PSUs / Agencies
No of E Cars ( to replace petrol cars )……………. 500 ,000
Who will buy / own the cars ?..........................EESL
Who could be suppliers of e-cars ?............... TATA / M&M / Nissan-Japan / BYD – China
Estimated Purchase Price / car ……………………. Rs 11.8 lakh
Arrangement between EESL and Govt Depts… Lease
Period of Lease……………………………………………….. 6 years
ROLE
OF EESL
* Float tender and
buy / own, cars from e-car manufacturers
* Hire drivers
from private agencies
* Provide 12 hr
Customer Service / Emergency / Road Assistance
* Repair and
Maintenance of leased cars ( presumably , through Insurance Cover )
* Help Depts in
setting up Charging Stations
ROLE OF
LEASING GOVT DEPTS
* Buy land for
Charging Stations / for parking space
* Own charging
stations and hire attendant staff
* Pay for
damages to cars for non-covered items of repair under insurance
TERMS OF
LEASING
* 26 days per
month and 8 hours per day
* Nominal Km
coverage …………………….. 80 km per day ( so , 2080 km in 26 days )
* Charges beyond
nominal usage :
# Rs 260 per hour exceeding 8 hour daily nominal
usage
# Rs 3
per km beyond nominal 80 km per day
* Lease rent …………………………Rs 40,000 per month ( Rs 20,000 if driver not
supplied )
* Charging cost
to be borne by the leasing department
MY COMMENTS
* Finally some
clarity is emerging
* If each car runs
its full permitted ( nominal ) usage of 80 km per day , that would be
2080 km
in 26 days
* That would
work out to Rs 19.2 per km
( Rs 40,000 divided by 2080 km )
* If, in one extra
hour ( beyond nominal 8 hours ) , that car covers , ( say ) 20 km ,
then the extra cost works out to :
# Rs 3 /
km * 20 km = Rs 60
# Plus , Rs 260 / hour ( for one hour )
A total of Rs 320 for going 20 km in that extra hour
That works out to Rs 16 / km ( Rs 320 divided by 20 km ) – a little
less than Rs 19.2 / km
of nominal lease rent
* How does this
compare with what OLA – UBER charge per km ( without having to
worry about putting
up Charging Stations / charging cost ) ?
Just Rs 10 -15 per km !
Why not give
this option to the the govt departments ?
* Why is EESL
shying away from floating a tender for “ Leasing “ instead of “ Buying “ ?
* I feel , if EESL
were to float a “ Car Lease Tender “ , TATA
/ M&M etc would quote a
lease rent of Rs 12 / km ( with driver )
( because they continue as “ Owners “ and can
claim depreciation on car assets ,
while filing their tax return )
And without
driver , they would quote Rs 6 / km !
( Remember ,
EESL lease rent
to govt
department, without driver , is half : Rs 20,000 pm instead of Rs 40,000 pm )
* In turn , EESL
would be able to sub-lease at Rs 10 per km ( with driver ) !
* Not only EESL
( owned by Central Government and funded by tax-payer money )
would save THOUSANDS of
CRORES of rupees, in initial investment , but the
government will save THOUSANDS of CRORES of
rupees in monthly REVENUE
EXPENSES , if
EESL were to float a “ Car
Lease Tender “ !
It is still not too late for NITI Aayog to raise this
question with EESL , before RaGa raises it in the Lok Sabha !
14 April 2018
www.hemenparekh.in
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