SPG Automobiles launches exchange offer for Omoda and Jaecoo ahead of new EV financing rules

KATHMANDU: SPG Automobiles, the authorised distributor of Omoda and Jaecoo in Nepal, has launched a limited-time exchange scheme titled ‘Switch and Drive Pre-Budget Exchange Offer’, running from May 18 to 24.

The offer is aimed at customers seeking to upgrade their driving experience with premium electric vehicles (EVs), including the Omoda E5 and Jaecoo J6, ahead of upcoming changes in financing regulations that will impact financing flexibility.

Under the scheme, customers will receive benefits such as one year of free insurance, a complimentary 7 kW charger, and an 8-year or 160,000 km warranty on the battery and motor. Vehicle prices start at Rs 5,599,000, with 80% financing available. Additional incentives await customers who confirm their delivery before May 31, 2025. One lucky couple among the delivered customers will win a trip to China, while another customer will receive an iPhone 16 Pro. Five lucky couples will enjoy a luxury staycation, while two customers will benefit from 12 months of interest-free financing.

The offer comes at a significant time, as new government regulations have reduced bank financing for EVs to 60%, down from 90%. The ‘Switch and Drive Pre-Budget Exchange Offer’ gives customers the opportunity to act before higher upfront costs take effect. SPG Automobiles remains committed to delivering innovative and sustainable mobility solutions in the Nepali automotive market. With a strong vision for the future, Omoda and Jaecoo aim to offer greater value and a premium experience to their customers. SPG Automobiles invites electric vehicle enthusiasts to visit the nearest Omoda and Jaecoo showroom and take advantage of the limited-time offers.

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