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 ( and 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 ( each dept , individually ? )
* 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
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