Saturday, 14 April
2018
#EESL #ElectricCar
#ScamInIndia
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 /
blogs
With Regards,
hemen
parekh
(
M ) +91 - 98,67,55,08,08
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