By siliconindia | Wednesday, 19 May 2021, 03:27 Hrs Convergence Energy Services Ltd (CESL), a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL), has placed a Letter of Award in favour of Tata Motors for procurement of 300 electric cars with 3 years of warranty. This will consist of 300 four-wheeler electric cars (whose length is less than 4 meters) and range equal to or more than 250 km. This award is a part of the scaling up demand side energy efficiency sector project, financed by the Asian Development Bank line of credit to CESL. CESL will work with Tata Motors to deploy these vehicles to government entities looking to change over to electric vehicles.
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BMC head office
MUMBAI: At a time when the BMC is facing an acute shortage of funds and has had to dip into its reserves, it plans to spend Rs 1.6 crore on renting brand new electric cars for its civic leaders. Instead of buying new e-cars, the BMC has decided to rent these for a period of eight years. By renting the vehicles for eight years, the BMC will end up paying around Rs 32 lakh per car more than double the market price of around Rs 14 lakh for each.
TimesView
Civic netas must get new cars if their vehicles are very old. The BMC, though, must not spend double the amount on renting cars, when the vehicles’ market price for outright purchase is 50% lower. Given the BMC’s current financial situation, when it has been forced to take an internal loan, the civic body must avoid such fancy spending and maintain austerity.