What for ?
For making following
announcement :
“ We expect to develop
a significant LEASING business and
are already in touch with third-party investors “ , CESL managing director and
Chief Executive, Mahua Acharya said in a August 6 interview
( source : 21
firms in fray for Rs 3,000 cr 3-wheeler EV tender / MINT /
19 Oct 2021 )
Extract :
Ø CESL, a subsidiary of Energy Efficiency
Services Ltd (EESL), aims to have 200,000 two-wheeled electric vehicles (EVs)
and 300,000 three-wheeled EVs across India, with the government allotting the
demand aggregation of electric three-wheeler and electric bus component to
CESL’s parent firm EESL under the 10,000 crore Faster Adoption and Manufacturing of
Hybrid and Electric Vehicles (Fame) scheme.
Ø The company plans to lease around half of these electric
vehicles and sell the rest through its digital platform
Ø State-run Convergence Energy Services Ltd’s
(CESL’s) tender saw bids for seven times
the proposed purchase plan from 21 companies
Ø In addition to supplying electric two-wheelers to states such as Andhra Pradesh, Kerala and Goa, CESL has also been aggregating demand for leasing out and operating three-wheeled EVs for the garbage collection fleet of municipalities across the country, including for Pune Municipal Corporation.
The company aims to halve the cost of ownership through sops offered under the Fame scheme, state government subsidies, support from EV makers and carbon credits.
MY TAKE :
On 18 June 2021, I sent following mail to Smt Acharyaji :
CESL
: Carpe Diem ( Seize this Opportunity )
-
Where I
suggested :
Dear Smt Acharyaji [ mdcesl@eesl.co.in
],
Outright purchase of all
of these EVs will cost CESL :
Ø 2 lakh two wheelers @ Rs 1.5 lakh each > Rs 3 lakh*lakh = Rs 3000
Crore
Ø 3 lakh three wheelers @ Rs 3 lakh each > Rs 9 lakh*lakh = Rs 9000
Crore
I strongly urge that , instead of buying
these EVs on “ Outright Purchase “ basis, CESL take these on a “ WET LEASE “ basis only
, and pay the " lease rent " on " per Km " basis ( of
course, with a guaranteed minimum )
This condition will ensure that the
suppliers ( Ola - Ather - M&M etc ) will put up at their own cost, a vast
network of Battery Charging Stations, in all cities and highways ( may be every
Km )
They would not want their leased vehicles
to stand idle due to a discharged battery !
Another condition of this leasing
arrangement should require that all suppliers ( EV manufacturers ) would form a
CONSORTIUM for setting up a COMMON / STANDARDIZED charging network where EVs of
ANY MAKE can plug in !
This would encourage all State
Governments to forward their requirements to CESL
There will be no RANGE ANXIETY !
( Refer :
Vehicle Charger cum Carbon Creditor ?
.... 28 May 2021
In this connection , I urge you to look
up my following earlier e-mails :
Ø A
Vindication ? ………………………………………………………….[ 04 Sept 2021 ]
Extract :
Dear Shri Gadkariji,
A few days ago, there was a directive from Central Government that, while on
official
duty, all government
I believe the current total fleet of Government Cars ( Central + States ? ) is
some 5 LAKH cars
EESL / CESL, have been mandated to replace all of these with Electric cars (
in 5 years @ 1 lakh / year ? )
I urge you to issue a directive to EESL / CESL that all of these MUST be taken
only on WET LEASE – and
Govt would avoid an upfront investment of Rs 50,000 CRORE ( @ Rs 10
lakh / EV )
==================================================
Congratulations, Shri Saurabh Kumarji ……………………………………[
13 Nov 2019 ]
Buy or Lease ? [ 03 April 2018 ]
Scam ? #EESL #NDA #BJP #MNRE [ 08 Mar 2018 ]
Logical to Lease [ 06 Mar 2018 ]
To Buy or not to Buy? [ 11 Oct 2017 ]
EESL : Lease cars , do not Buy
! [
18 Aug 2017 ]
EESL : Put it off indefinitely ! [ 19 Aug 2018 ]
EESL : Getting Away from Straitjacket ? [ 26 Aug 2018 ]
If China can , so can We [ 27 Aug 2018 ]
E- Bus : without ETA [ Expected Time of Arrival ] ? [ 04 Apr 2019 ]
With regards,
Hemen Parekh / hcp@RecruitGuru.com /
20 Oct 2021
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