30th November 2022, Kathmandu
Sipradi Trading Pvt. Ltd. has recently agreed with Everest Bank Limited to provide vehicle loans of up to 80% to customers planning to purchase electric vehicles from Tata Motors.
Sipradi has been the exclusive distributor of TATA Motors in Nepal since 1982. The best electric vehicles in Nepal are Tata Motors Nexon EV and Tigor EV.
According to the agreement, individuals or organizations who wish to purchase electric vehicles from Tata Motors will get easy and affordable credit facilities for seven years at a 12.8 percent interest rate from all branches of Everest Bank.
Everest Bank will provide a loan of up to 80 percent of the total cost of the vehicle. The loan will be disbursed according to the relevant instructions and guidelines of Nepal Rastra Bank.
Customers who choose Tata EV will now have a more convenient and faster process time for purchasing any electric vehicle from Tata Motors.
Tata Motors and Sipradi offer two electric vehicles to accelerate EV adoption in Nepal. The company has introduced the most preferred electric SUV-Nexon EV, and the most preferred electric sedan Tigor EV in Nepal.
Due to the high demand for EVs for both environmental benefits and a shift from oil to electric, this new facility by Everest Bank will encourage people to opt for EVs easily.