Kathmandu: Cimex Inc. Pvt. Ltd., the authorized distributor of BYD Auto Industry Co. Ltd. in Nepal, has announced a strategic bank financing tie-up with Prabhu Bank for BYD electric vehicles (EVs).
This partnership aims to make it easier for Nepalese consumers to purchase BYD EVs by offering competitive financing options. The tie-up with Prabhu Bank will enable customers to purchase BYD EVs with attractive interest rates and accessible financing options.
“BYD is committed to providing sustainable and affordable transportation solutions to people around the world. This partnership with Prabhu Bank will help us make electric vehicles more accessible to consumers in Nepal,” said Meman Dhaugoda, CFO of Cimex Inc. Pvt. Ltd.
BYD is a leading global manufacturer of electric vehicles, with a range of models that cater to different segments. Its electric vehicles are known for their reliability, safety, and performance. With the increasing demand for electric vehicles in Nepal, this partnership will help to promote the adoption of sustainable mobility solutions.
“At Prabhu Bank, we are committed to supporting initiatives that promote sustainable development. Our partnership with Cimex Inc. Pvt. Ltd. will enable us to offer financing solutions that are tailored to the needs of customers who want to switch to electric vehicles,” said Birendra Bhatt, Head-Consumer Banking, Prabhu Bank.
The tie-up between Cimex Inc. Pvt. Ltd. and Prabhu Bank is a step towards achieving a sustainable future. This financing arrangement will comply with the related directives and guidelines of the Nepal Rastra Bank, ensuring that customers are provided with a secure and trustworthy financing option.
Cimex is offering BYD ATTO 3 (NRs. 64.9 lakhs), the First Sporty Electric SUV in Nepal and BYD All-New e6 (NRs. 59 lakhs), the Longest Range EV in Nepal in the market. With only a 20 percent down payment, customers can now own the recently launched BYD ATTO 3- the First Sporty Electric SUV in Nepal, at NRs. 12.98 lakhs, or the BYD All-New e6, the Longest Range EV in Nepal, priced at NRs. 11.80 lakhs.