Tata Motors Nepal Joins Hands With Everest Bank For EV Financing
2022-11-29
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Sipradi Trading has recently signed an agreement with Everest Bank Limited regarding electric vehicle loans of up to 80% for customers interested to buy Tata EVs. Currently, Tata Motors offers Nexon EV and Tigor EV in the Nepalese market.
According to the agreement, any individual or institution looking to purchase electric vehicles from Tata Motors shall get an easy, affordable loan facility from all branches of Everest bank with a 12.8% interest rate for up to 7 years. Everest Bank will finance up to 80 percent of the total cost of the vehicle.
The loan will be floated in line with the related directives and guidelines of Nepal Rastra Bank.
Scroll below for the latest price of Tata EVs in Nepal
| Model | Battery Capacity | New Price |
|---|---|---|
| Nexon EV XZ+ | 30.2 kWh | Rs 43,49,000 |
| Nexon EV XZ+ LUX | 30.2 kWh | Rs 45,49,000 |
| Nexon EV Dark XZ+ | 30.2 kWh | Rs 44,99,000 |
| Nexon EV Dark XZ+ LUX | 30.2 kWh | Rs 46,49,000 |
| Nexon EV Max XZ+ LUX | 40.5 kWh | Rs 48,99,000 |
| Model | Battery Capacity | Price |
|---|---|---|
| Tigor EV XM | 26 kWh | N/A |
| Tigor EV XZ+ | 26 kWh | N/A |
