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22
December 2017
 |
| Electric Vehicles (The Total Investment & Insurance Solutions) |
Energy
Efficiency Services Ltd (EESL) plans to procure 10,000 electric vehicles (EVs)
for government use, the first round of bids for which has already been
conducted by the state-run company, Parliament was told on Thursday.
In
a written reply to the Lok Sabha, Power Minister R.K. Singh said that bids for
EVs were invited through open tender, while contracts have been awarded to Tata
Motors and Mahindra & Mahindra for respectively supplying 250 and 150 of
these environment-friendly vehicles. The Total Investment & Insurance Solutions
The
supply agreements include a five-year annual maintenance contract.
"EESL
will provide these vehicles on lease to replace the existing petrol and diesel
vehicles taken on lease by various government organisations and charge lease
rent from these firms," R.K. Singh said.
EESL
announced last month that it will invite bids for supply of a second lot of
10,000 EVs around March-April next year.
Meanwhile,
the Society of Manufacturers of Electric Vehicles (SMEV) on Thursday urged the
government to reduce the Goods and Services Tax on batteries used in electric
vehicles from the current highest tax rate of 28 per cent.
"Under
the new GST regime, lithium-ion batteries used in EVs have become significantly
costlier because of the 28 per cent GST when sold separately as against the GST
rate charged when sold with the vehicles," an SMEV statement said here. The Total Investment & Insurance
Solutions
"Higher
tax on batteries is impacting retail sales of electric two-wheelers as dealers
generally do not maintain an equal inventory of vehicles and batteries,"
it said. The
Total Investment & Insurance Solutions
The
association also urged the government to launch the next phase of the Faster
Adoption and Manufacturing of Electric Vehicles scheme for a longer period of
six years and its time-bound implementation.
"Due
to high ownership cost of EVs in the present scenario, the approach to Demand
Incentives and Viability Gap Funding needs to be changed and the existing
subsidy module needs to be enhanced for the next 6 years as compared to the
previous short term periods of 6 months to 1 year," the statement said.The Total Investment & Insurance Solutions
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