Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Sunday, 19 November 2023

DEAR SMT MAHUA ACHARYAJI / SHRI GADKARIJI : PLEASE , DO NOT BUY : JUST LEASE EVs FROM MANUFACTURERS

 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 !                                                     [ 01 Aug 2018 ]

EESL :  a  wake  up  time  ?                                                 [ 27 June 2018 ]

Evidence  is  piling  up  !                                                      [ 13 May 2018 ]

Do  they  have  an  option ?                                                 [ 14 April 2018 ]

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                       [ 10 Sept 2018 ]

EESL : It is your move now !                                                [ 12  Oct  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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