Leading The Charge
Forbes India|February 16, 2018

Energy savings firm EESL is procuring electric vehicles that can be rented to the government. And it has already received bids from Tata and Mahindra

Manu Balachandran
Leading The Charge

For a few years now, Energy Efficiency Services Limited (EESL) has made winning a habit. The Noida headquartered energy savings company, a collaboration between four public sector entities, identifies an area where energy savings are feasible, and then throws its weight behind it.

Between 2015 and now, the company has single-handedly brought about an LED lamp boom in India; prices of LED lamps have fallen from about Rs 310 to Rs 38 apiece. EESL procured bulbs en masse from private companies and sold them to state governments, effectively helping bring economies of scale and bringing down prices for consumers over time. EESL had previously done the same with fans and irrigation pumps too.

Now, the company has turned its attention to transforming one of the world’s biggest automobile markets. India aims to move completely to electric vehicles (EVs) by 2030, which will help cut the country’s oil bill by some $60 billion and reduce emissions by 37 percent.

Just as it did with the LED lamps, EESL is now procuring electric vehicles, initially to rent them to the government. The company has already received bids for 10,000 electric vehicles from Tata Motors and Mahindra, and plans to procure another 10,000 vehicles during the course of the year.

“If you look at the operational cost of electric cars and, say, you charge at about ₹8-9 per unit, the cost of operating a vehicle is less than ₹2 per kilometre compared to ₹6.5 and ₹7 for petrol and ₹5.5 and ₹6 for diesel,” Saurabh Kumar, managing director of EESL, tells Forbes India. “Even CNG is about ₹4. So there is economic viability for the consumer at large.”

Bu hikaye Forbes India dergisinin February 16, 2018 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Forbes India dergisinin February 16, 2018 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

FORBES INDIA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Home-Cooked Meal Is Now Greatly Valued
Forbes India

Home-Cooked Meal Is Now Greatly Valued

The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients

time-read
8 dak  |
May 21, 2021
Paytm 3.0 - Reaching Near Breakeven In Two Years
Forbes India

Paytm 3.0 - Reaching Near Breakeven In Two Years

As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years

time-read
10+ dak  |
June 4, 2021
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Forbes India

THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN

Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse

time-read
8 dak  |
May 21, 2021
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Forbes India

LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE

Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment

time-read
7 dak  |
May 21, 2021
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Forbes India

PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST

Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground

time-read
9 dak  |
May 21, 2021
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
Forbes India

INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR

While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term

time-read
8 dak  |
May 21, 2021
DIGITALISATION WILL HELP IN VALUE CREATION
Forbes India

DIGITALISATION WILL HELP IN VALUE CREATION

As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India

time-read
8 dak  |
May 21, 2021
Industry 4.0: Climate Revolution?
Forbes India

Industry 4.0: Climate Revolution?

Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent

time-read
10 dak  |
June 4, 2021
EV Dream Still Miles Away
Forbes India

EV Dream Still Miles Away

Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure

time-read
6 dak  |
June 4, 2021
Living Waters
Forbes India

Living Waters

A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet

time-read
4 dak  |
June 4, 2021