Where Angels fear to tread !
Just came across following news in Economic Times ( 18 June ) :
* There are already 57,000 State-run retail outlets
* 6,000 pumps are run by private companies
* HPCL / BPCL / IOC to appoint new dealers after 4 years
MY TAKE :
* Investment in existing 57,000 pumps is approx. Rs 6.5 LAKH*CRORE
* At this rate , those 25,000 NEW petrol pumps might need an investment of Rs 3
* Such a huge proposed investment on part of HPCL / BPCL / IOC , seems awfully risky
in light of the following developments around the corner :
# India is on a crash course to switch over to Electric Vehicles by 2030 ( 6
million by 2022 )
# Indian Auto Industry is planning an investment of Rs 58,000 crores in the next
2years ( mostly for manufacture of EV / Lithium-ion Batteries and Battery
Charging Stations )
# ABB has announced a Battery Flash Charging Technology which can fully recharge
a battery in 8 minutes or even 5 minutes !
As fast as filling up your tank with petrol !
# Indian and Foreign manufacturers have come up with Battery Charging Stations
which draw their power from their own Solar Panel covered roof !
# Ashok Leyland, in collaboration with PHINERGY ( www.Phinergy.com ) of Israel , is
working on Electric Vehicles powered by Metal-Air ( Alu ) batteries which do NOT
require re-charging like the Lithium-ion Batteries !
# And last , but not least , some companies are frantically working to come up with
Electric Cars which need no Battery Charging Stations !
These cars have roof tops which are covered with Solar Panels , which continuously
charge a small Lithium-ion Battery !
And such a car costs no more than Rs 12.6 Lakhs , what EESL paid to TATA and
M&M for traditional Electric cars ( yet to be delivered since some ministries have
not found time in last 12 months to lay down the “ specifications “ for those battery
charging stations ! )
I urge our Policy Makers to give up the idea of “ Traditional TESLA type Electric Cars
“ and encourage Indian Manufacturers to go for SONO type cars
By modifying the FAME Scheme subsidy as follows :
* For TESLA type traditional cars > Existing Rs 1.4 lakh
* For SONO type solar roof top cars > Rs 5 lakh
This simple measure will ensure no need for Battery Charging Stations !
There is no better way to divert that Rs 3 Lakh*crore ( for 25,000 new Petrol
Pumps ) than to use it for the enhanced subsidy as described above !
If you are wondering why petrol prices in India are nearly DOUBLE of those in our
neighbouring countries, now you have the answer !
19 June 2018
www.hemenparekh.in / blogs