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Mumbai: Cash-strapped BMC to shell out Rs 1.6cr to rent e-cars for 8 years | Mumbai News


BMC head office
MUMBAI: At a time when the BMC is facing an acute shortage of funds and has had to dip into its reserves, it plans to spend Rs 1.6 crore on renting brand new electric cars for its civic leaders. Instead of buying new e-cars, the BMC has decided to rent these for a period of eight years.
By renting the vehicles for eight years, the BMC will end up paying around Rs 32 lakh per car more than double the market price of around Rs 14 lakh for each.
TimesView
Civic netas must get new cars if their vehicles are very old. The BMC, though, must not spend double the amount on renting cars, when the vehicles’ market price for outright purchase is 50% lower. Given the BMC’s current financial situation, when it has been forced to take an internal loan, the civic body must avoid such fancy spending and maintain austerity. ....

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