IME Motors MoU Everest Bank

20th March 2023, Kathmandu

IME Motors, Ashok Leyland’s authorized distributor for Nepal, a prominent business in the commercial vehicle industry, and Everest Bank have entered into a loan agreement.

The memorandum of understanding between the two organizations was signed by Hemant Puranik, CEO of IME Motors, and Gaurav Kumar, Deputy General Manager on behalf of the bank.

Customers can avail of this offer by visiting 17 Ashok Leyland showrooms and any branch of Everest Bank across the country. After the agreement, when purchasing vehicles provided by Ashok Leyland, a vehicle loan will be provided through the bank at the lower interest of approx.

14% for the maximum tenure of 7 years depending upon the customer profile. The whole process of providing load will be very quick and easy.

The loan has been adjusted with the relevant guidelines and instructions of Nepal Rastra Bank.

Ashok Leyland has a strong presence in the Nepalese commercial vehicle market and has been expanding its touch point (Showroom and service) rapidly all over Nepal.

In the last two years going aggressively it can Capture a significant market share from its competitors, Ashok Leyland is 2nd largest commercial vehicle brand in Nepal.

Also, recently the company has announced the maximum 5-year warranty in the automobile sector on its popular light commercial vehicle ‘Dost’, aiming to provide a hassle-free ownership experience to its customers.


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