1st July 2025, Kathmandu
In a significant step toward promoting eco-friendly transportation and sustainable banking, Siddhartha Bank Limited has signed an agreement with Sipradi Trading Pvt. Ltd., the official distributor of Tata Motors in Nepal.
Siddhartha Bank Electric Taxi Loan
The agreement will facilitate electric taxi loan financing for customers purchasing Tata electric vehicles through Sipradi Trading.
Accessible and Affordable Electric Taxi Loans
Under this partnership, customers interested in purchasing electric taxis from Tata Motors through Sipradi Trading will now have access to vehicle financing from Siddhartha Bank. The bank has committed to providing quick, easy, and affordable auto loan services with competitive interest rates.
The loan tenure has been set for up to five years, making the scheme more manageable and attractive for individuals and fleet operators looking to invest in sustainable transport solutions.
Driving Sustainable Banking And Green Mobility
Siddhartha Bank sees this collaboration as a step forward in promoting sustainable banking practices and supporting Nepal’s transition toward environmentally friendly electric vehicles. The bank believes that encouraging the adoption of electric taxis will not only benefit individual customers and entrepreneurs but also contribute positively to the country’s climate goals.
With rising concerns around pollution and fossil fuel dependency, the bank aims to provide innovative financial products that align with long-term environmental sustainability.
Statement From Siddhartha Bank
A senior official from Siddhartha Bank stated, “Through this agreement, Siddhartha Bank reinforces its commitment to environmental responsibility and sustainable growth. We believe in making clean energy transportation more accessible for all Nepalis by offering flexible financing options for electric vehicles.”
The bank also highlighted the strategic value of partnering with a trusted brand like Sipradi Trading, which represents Tata Motors, a global leader in electric vehicle technology and innovation.
Role Of Sipradi Trading Pvt. Ltd.
Sipradi Trading Pvt. Ltd., the exclusive authorized distributor of Tata vehicles in Nepal, has been at the forefront of introducing modern, reliable, and eco-conscious vehicles to the Nepali market. With the increasing popularity of electric mobility, the company has been instrumental in bringing Tata’s electric taxi models to consumers and institutions across the country.
This financing arrangement will enable more people to adopt Tata electric taxis with minimum financial hurdles, supported by Siddhartha Bank’s nationwide network and efficient loan processing systems.
Contact And Customer Support
For customers interested in learning more about the electric taxi financing scheme, Siddhartha Bank has made its 24/7 customer service center, ‘Siddhartha Care’, available for assistance. Customers can reach out through various channels provided by the bank for personalized guidance and support regarding loan applications, interest rates, and eligibility.
About Siddhartha Bank Limited
Siddhartha Bank Limited is one of Nepal’s leading commercial banks. It offers a wide range of retail and corporate banking services, including savings, loans, SME financing, and digital banking. The bank is known for its focus on customer-centric innovation, sustainable banking practices, and support for green financing initiatives.
About Sipradi Trading Pvt. Ltd.
Sipradi Trading Pvt. Ltd. is one of Nepal’s largest and most respected trading companies. As the official distributor for Tata Motors in Nepal, Sipradi has played a key role in transforming the country’s vehicle market. The company is dedicated to bringing reliable, efficient, and environment-friendly vehicles to Nepali consumers and supporting initiatives that promote electric mobility.
Conclusion
The agreement between Siddhartha Bank and Sipradi Trading marks a milestone in Nepal’s green transport and sustainable finance sectors. By offering electric taxi loans with flexible terms and attractive interest rates, this collaboration encourages responsible consumption and helps Nepal move closer to a cleaner and greener future.
As demand for electric vehicles rises, such partnerships will be critical in building a robust, inclusive, and eco-conscious transportation ecosystem in Nepal.
For more:- Siddhartha Bank Electric Taxi Loan