Kapoor also said that the company has revamped its accounting system, and had the new regime been applied, the losses of previous years would have actually been bumper profits.
Vishal Kapoor said Energy Efficiency Services Limited is looking to expand its client base to MSMEs, offering them 35 energy-efficient technologies.
The tender is expected to make the aggregated demand for EVs available for EV leasing companies.
This is the second tender under the National Electric Bus Programme (NEBP), a company statement said.
This unified tender constitutes demand for electric buses from six Indian states & UTs Delhi, Telangana, Haryana, Surat (Gujarat), Kerala & Arunachal Pradesh, a statement said.
Mahua Acharya further said she would also like to resign from the company's board as well and requested for appropriate resolution to be passed in this regard.
The selected agencies will also set up 1,294 standing DC fast chargers for electric four-wheelers
But, as the subsidies subside, the government will need to identify a sustainable source of funding to keep the services up and running.
CESL will procure 70,000 electric three-wheelers (E3Ws) to be deployed in multiple phases across India over a period of 5 years.
Discovered prices of the Grand Challenge tender are between 15 per cent and 48 per cent lower than the price discovered by the cities and even at par or close to the operational cost of diesel vehicles, according to official releases.
CESL'S tender value is estimated to be Rs 5,500 crore and the first lot of e-buses are expected to hit the roads by July this year
Each charging and batter swapping facilities ill be installed at 14 locations. Each will include six charging points, three of which will be for two and three wheelers while three points will be meant for four-wheelers.
The subsidy for the scheme will be based on operating expenditure, unlike the earlier capex-based programmes. The scheme falls under the remodeled Faster Adoption and Manufacturing of Hybrid and Electric vehicle 2 (FAME) scheme.
The cities to be covered under this are Mumbai, Delhi, Bangalore, Hyderabad, Ahmedabad, Chennai, Kolkata, Surat, and Pune
Solar carports, which make electric vehicles 100% green by avoiding polluting sources of power, should be commercially viable and attractive for private investors, the company's CEO says
The state-run company wants to be the electronic supermarket for electric two-wheelers, which it will buy in bulk from manufacturers and offer them for sale or leasing to customers
According to statement, under this agreement with NREDCAP, these electric vehicles will be provided to state government employees of Andhra Pradesh and the number may increase as per requirements.
Under the Gram Ujala programme, rural consumers are given a 7 watt and a 12-watt LED bulb with a three-year warranty against submission of working incandescent bulbs at an affordable cost of Rs 10 per bulb.
Under the agreements, the CESL will also invest in establishing the electric vehicle charging infrastructure and monitor the use of the assets.
The signing ceremony coinciding with world environment day was virtually held between Ladakh Autonomous Hill Development Council (LAHDC), Kargil and CESL in the presence of Lt Governor R K Mathur.
CESL will work with Tata Motors to deploy these vehicles to the government entities looking to change over to electric vehicles