Thank You, Smt Mahua Acharyaji,
( MD – CESL ),
What for ?
For 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.
Ø 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
officers must only use ELECTRIC CARS
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
on “ Per Km “ basis
Govt would avoid an upfront investment of Rs 50,000 CRORE ( @ Rs 10 lakh / EV )
=============================
Congratulations, Shri Saurabh Kumarji ……………………………………[ 13 Nov 2019 ]
Thank You , Shri Jaitleyji, [ 25 Dec 2018 ]
EESL : Grab this chance !
EESL : a wake up time ?
Evidence is piling up !
Do they have an option ?
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 ]
Cars on Subscription ? Convenience Redefined
EESL : It is your move now !
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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