29th August 2025, Kathmandu
The dream of owning an electric vehicle (EV) just became significantly more accessible for Nepali consumers, thanks to a strategic initiative by Tata Motors’ official distributor, Sipradi Trading, in collaboration with Rastriya Banijya Bank.
Tata Nepal Tiago EV Punch EV
In a move set to accelerate EV adoption across the nation, Sipradi Trading has announced enticing daily installment schemes for two of its most successful electric models: the Tata Tiago EV and the Tata Punch EV.
Aspiring EV owners can now drive home the eco-friendly Tata Tiago EV for an incredibly affordable daily installment of just Rs. 622. For those eyeing the more robust Tata Punch EV, the daily payment stands at Rs. 803.
These attractive financing options are made possible through a partnership with Rastriya Banijya Bank, offering an EV loan at a competitive interest rate of 6.10% alongside a 50% down payment requirement.
This collaboration is a significant step towards democratizing electric mobility, making advanced, clean energy vehicles a practical choice for a broader segment of the Nepali population.
Two Years of Success: Tiago EV Leads the Charge, Punch EV Accelerates Growth
The introduction of these flexible payment plans comes on the back of immense success for both models in the Nepali market. The Tata Tiago EV has been a consistent bestseller, continuously captivating customers for the past two years.
Its compact size, efficient performance, and accessible price point have made it a favorite for urban commuters and first-time EV buyers alike.
The statistics speak volumes: a remarkable 2,233 units of the Tiago EV have already hit Nepali roads within its two-year tenure, firmly establishing its leadership in the nascent EV segment.
Following in its successful footsteps, the Tata Punch EV has quickly carved out its own niche in the market. Despite being available for just one year, the Punch EV has demonstrated an impressive uptake, with 898 units imported within this short period.
These figures are particularly strong when considering the overall size and dynamics of Nepal’s automotive market, underscoring the growing enthusiasm and trust in Tata’s electric vehicle technology.
The Punch EV’s SUV-inspired design, coupled with its enhanced performance and range, appeals to consumers looking for a more versatile electric option.
Powering the Drive: Performance and Variants
Both the Tiago EV and Punch EV are engineered to deliver a compelling electric driving experience, albeit catering to slightly different needs:
- The Tata Tiago EV is equipped with a 24 kWh battery pack that powers a 48 kW electric motor. This configuration provides an ideal balance of range and power for daily commutes and city driving, making it an economical and environmentally conscious choice.
- The Tata Punch EV steps up the performance with a larger 35 kWh battery and a more powerful 98 kW motor. This ensures a more spirited driving experience and extended range, suitable for longer journeys and varied terrain often encountered in Nepal.
Currently, the Tata Punch EV is available in two distinct variants, catering to different preferences and budgets:
- Empowered Long Range: Priced at Rs. 37.99 lakh, this variant offers an excellent balance of features and extended range, ideal for those who frequently travel longer distances.
- Empowered (Plus S) Long Range: For those seeking the ultimate in features and sophistication, this variant is available at Rs. 39.99 lakh, offering premium enhancements for a more luxurious EV experience.
The collaboration between Sipradi Trading and Rastriya Banijya Bank marks a pivotal moment for electric mobility in Nepal.
By lowering the financial barrier to entry, these daily installment schemes are set to empower more individuals and families to embrace sustainable transportation, contributing to a greener future while enjoying the numerous benefits of modern electric vehicles.
As infrastructure develops and awareness grows, Tata Motors is clearly positioning itself at the forefront of Nepal’s EV revolution.
For more: Tata Nepal Tiago EV Punch EV