In India Renewable energy has wide scope because it has long time sun rays for solar energy, largest coastline for wind energy. So government also giving various incentive, subsidy for Green/Clean/Renewable energy. At current in India the proportion of E vehicles is very less and also infra is not so good. And cost of E vehicles is not affordable by Indian Families. But Future of E vehicles are bright because of Various Govt. initiatives like FAME Scheme, Tax incentive on purchase of Evs etc. We have started a private company named E Vech Savior (P) LTD. which basically provide E service on battery charging, battery replacement, Pickup the vehicle and unload to nearby garage, and if any excess of generation of electricity sold to DISCOM at government decided rate.
1. Details of Initial Expenditure
Eq. Share Capital 4600000
Solar System Capacity Cost
At workstation 2 Kw 120000
1st vehicle 1kw 60000
2nd Vehicle 1kw 60000
3rd vehicle 1kw 60000
12 lk
Cash on hand 4 lk
Business established expenditure
6 lk
Asset Purchased
Cost of equiment for traditional Electricity generation
Expenditure on Vehicle Modification
7 lk on each vehicle Total 7*2=14lk
All solar System installed on emi basis
Int payment on this account as revenue expenditure and principle payment as capital expenditure
IT System Development
5lk as capital expenditure
Marketing
5 lk as deferred revenue expenditure