Skoda Nepal announces new consumer scheme

KATHMANDU, FEBRUARY 9: In a bid to attract more customers, Skoda Nepal has launched a new financing scheme. Under this initiative, the company offers financing for new Skoda four-wheelers at an annual interest rate of 6.995%, covering up to 80-85% of the vehicle's cost.

This marks the first time such a customer scheme has been introduced particularly in the Internal Combustion Engine (ICE) vehicle segment in the country.

"The scheme is primarily designed to address the high upfront costs that often deter customers from purchasing premium vehicles. By redefining affordability in the automobile market, it aims to provide customers with an ownership experience similar to that of electric vehicles," states the country.