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