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SIPRADI and NABIL Bank signs MoU to ease the purchase of XPRES-T EV Fleet from Tata Motors

Sunakhari News/ Kathmandu. Sipradi Trading Pvt. Ltd. (STPL) has recently signed an agreement with NABIL Bank Limited regarding the vehicle loan of upto 80% for the Premium EV Fleet segment from Tata Motors. XPRES-T is premium fleet electric sedan from Tata Motors amped with top-notch features for a smooth driving experience, and the right combination of substance and style.

According to the agreement, any individual or institutions looking to purchase the XPRES-T EV from Tata Motorsshall get an easy, affordable loan facility from all branches ofNABIL bank with 14.10% interest rate upto 7 years. NABIL 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.

Any taxi fleet operatoropting to choose XPRES-T EV, will now have more ease and quick processing time for the purchase of electric vehicle fleet from Tata Motors. Also, the income generated through the operation of fleet shall also be taken as consideration to fulfill the monthly EMI, making it more easier for the fleet owners to settle their dues.

In order to accelerate the adoption of EVs in Nepal, Tata Motors and SIPRADI offers various benefits with the premium fleet EV, from class leading features to the charging and service facilities dedicated to the fleet EV.