EESL : Lease cars , do not
Buy !
Economic Times ( 16 Aug ) carries a report with
following headline :
“ EESL Invites Global Bids for 10,000 E – cars “
Cars are for use by government
departments in Delhi / NCR , and should be capable of running 150 Km on a single charge
In the first phase , 1000 cars will be purchased , at an estimated cost of Rs 12 lakh each
EESL has also floated tenders for 3000
AC charging points and 1000 DC ones , to be deployed by NTPC and PowerGrid ,
depending on the demand
Now , a recent CRISIL Research Study
says , it is cheaper to “ rent a ride sharing taxi service “ ( like UBER / OLA
) , if you plan to drive less than 12,000
km / year
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 )
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 !
A personal car is
cheaper only if the distance driven is more than 15,000 km annually ," ratings agency
Crisil said.
"And with a
chauffeur, that distance doubles to 30,000 km," it said.
I believe :
·
ALL government departmental cars are driver
driven
·
Run ( max ) of 100 km per day ( 20,000 km in 200
working days )
Then , why “ Buy “
these 10,000 cars for an Capital Cost of Rs 1,200 Crores ?
Why not float a “
Global Tender “ for leasing out ? And save that Rs 1,200 Crores ?
Apart from UBER / OLA ,
I am sure a large number of Start Ups will come forward with offers cheaper
than Rs 15 / Km !
And expect offers from
Mahindra & Mahindra along with offers from most Indian ( - and quite a few
, foreign ) car manufacturers , as well !
What’s more , no need
to worry about setting up those charging stations or drivers going on leave (
or strike ! )
I believe , between the
Central and the State governments , current fleet of passenger cars is about 3,000,000 ( 3 million / 30 lakhs )
That would require a Capital investment
of Rs 3.6 LAKH*CRORE , if replaced ( by purchasing ) , by electric cars !
All this when a typical “ Owned “ car is
hardly used for 3 hours ( 12 % ) per day !
Apart from savings in Capital Cost , consider the
following :
·
Saving / km = Rs 10 ( Rs 25 for owned E-Car less Rs 15 for rented UBER /
OLA )
·
So , for 20,000 km / year , that would be Rs 2 lakh per car per year
·
That is Rs 200 Crore / year for 10,000 cars !
When the entire World is moving towards
a “ Economy based on Sharing of
Under-Utilized Assets “ ,
for improving “ Asset Utilization
“ , it does not make sense to BUY cars
A capital-starved , poor country must
try to use all its “ assets “ , round the clock
Just one example : All buildings that
are currently occupied / used , only for 10 / 12 hours , can be used ( may be )
for 20 hours per day !
I urge Shri Saurabh Kumar ( MD – EESL ) to
consider my suggestion of leasing
He may also want to
include following condition in “ E Car Leasing Tender “ :
“ Tenderer shall offer
a 5 year lease , with a minimum of 10 % REDUCTION in the per km lease rental , each
year over the rental for the preceding year “
Justification :
·
As per following report of Investment Bank UBS ,
E
car prices in 2018, drop below the prices for petrol cars ! This trend (
of prices dropping for E Cars ) will continue for foreseeable future
Consequence ?
·
If leased , that savings of Rs 200 crore / year
mentioned earlier , will keep increasing , year after year !
Shri Saurabh Kumar will find
whole-hearted support from Shri Nitin Gadkariji / Shri Piyush Goyalji
17 Aug 2017
www.hemenparekh.in / blohgs
With Regards,
hemen
parekh
(
M ) +91 - 98,67,55,08,08
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