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Energy Efficiency Services Limited (EESL) signed an agreement with the Greater Hyderabad Municipal Corporation (GHMC) to lease out electric vehicles and
install electric vehicles (EV) chargers at its offices.

The vehicles would be procured by EESL under the Government of India’s National E-Mobility Programme and will be supplied at a monthly lease rental of Rs. 22,500 per car, inclusive of maintenance expenditure.

This will not only reduce the costs of hired cars, but also substantially reduce emissions.

Kalvakuntla Taraka Rama Rao, minister for municipal administration & urban development, industries & commerce, Government of Telangana said, “The city of Hyderabad is India’s innovation hub and is capable of setting an example for electric mobility adoption. It is our vision to achieve a sustained and phased migration to electric vehicles in Telangana.

"Our agreement with EESL will be instrumental in meeting the state’s E-Mobility vision. We look forward to the GHMC EV programme as a successful pilot initiative to not only transform mobility, but also create the infrastructure for EV manufacturing as another economic opportunity”

EESL will also insure the EVs, provide a comprehensive free annual maintenance contract for a period of five years and a warranty against manufacturing defects, as well as supply and install chargers at GHMC’s Circle and Zonal offices.

Smt Renu Narang, director of finance at EESL, said, “E- mobility is the future and
EESL is committed to support the Indian Government’s mission to achieve its rapid adoption in the country.

"Telangana has always been keen on transition to e- mobility and EESL’s partnership with Greater Hyderabad Municipal Corporation is a step towards achieving the same. It gives us immense pleasure to provide EVs to the state government offices and install charging equipment, to be a part of Telangana’s Electric Vehicle revolution.

"Our mission is to enable more energy efficiency solutions in the country and
EESL is committed to doing its part to facilitate an increase in demand for electric vehicles throughout India."

The development follows EESL launching the National E-Mobility Programme to provide an impetus to the entire e-mobility ecosystem including vehicle manufacturers, charging infrastructure companies, fleet operators and service providers.

These electric vehicles will replace the existing fleet of petrol and diesel vehicles of the Central and State Governments.

EESL plans to drive down costs through its innovative business model while supporting local manufacturing facilities, gaining technical competencies for the long-term growth of the EV industry and enabling Indian EV manufacturers to emerge as major global players.