CESL Invite Bids For 3,500 Electric Cars

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Convergence Energy Services Limited (CESL), a wholly owned subsidiary of EESL, Energy Efficiency Services Limited, invites bids from OEMs or leasing agents or NBFCs to lease 3,500 electric cars to autonomous bodies and departments across 18 states as well as union territories for 3-5 years.

These states include Delhi, Andhra Pradesh, Tamil Nadu, Maharashtra, Gujarat, Uttar Pradesh, Assam, Odisha, Kerala, West Bengal, Haryana, Rajasthan, Madhya Pradesh, Bihar, Goa, Telangana J&K, and Jharkhand.

CESL will offer a tender to make the demand for electric vehicles available to financiers. They must purchase the vehicle and lease it to CESL for a specified period. CESL will charge a fee to make available the aggregated car demand. The state authority/department will provide the appropriate location(s), space, and all necessary approvals for the setting up of charging stations.

The experience of CESL in leasing cars has been a benefit to financiers as well. It currently manages more than 1,857 cars in India for various government departments.

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CESL’s CEO and MD Mahua Acharya said that “Having owned almost 2,000 cars, and gained some experience in this business, it is now the right time to use the market for scaling. There is a growing demand for fleet replacement. I believe that we can meet this need by designing appropriate structures and involving other stakeholders.”

Acharya said, “We encourage OEMs and leasing agents to participate in the project and jointly build the ecosystem for total transformation to clean transport.”

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