Last Updated on June 22, 2026 by AMH
Leapmotor B10 Electric SUV Gets a Massive NPR 5 Lakh Price Cut in Nepal
Great news for aspiring EV buyers in Nepal! Leapmotor, a promising electric vehicle manufacturer, has announced a significant price reduction for its crossover SUV, the B10. The company has slashed the price by a remarkable NPR 5 Lakh. This substantial price drop is a direct result of revised government taxation policies that now assess taxes based on the vehicle’s value, making EVs more accessible than ever.
Significant Savings for Consumers
The direct impact of this price cut means consumers can now bring home the Leapmotor B10 with a considerably lower upfront investment. According to the revised pricing, buyers will need to pay approximately NPR 2 Lakh less as a down payment. Furthermore, the monthly installment for those financing their purchase has also decreased by around NPR 4,500, easing the financial burden.
While the NPR 5 Lakh reduction is headline news, buyers opting for bank loans stand to gain an additional benefit of approximately NPR 78,000. This extra saving comes from the reduced interest paid over the loan tenure due to the lower principal amount. With Nepal currently experiencing historically low bank interest rates, this is a opportune moment to consider an EV purchase.
Attractive Financing Offers
Saigrila Motors, the official distributor for Leapmotor in Nepal, is further sweetening the deal with an attractive financing offer of just 5.96% interest rate on the B10 SUV. When factoring in this low interest rate alone, the savings on loan interest can amount to the aforementioned NPR 78,000. This dual benefit of a lower price and a competitive interest rate makes the B10 a compelling option in the Nepali EV market.
Understanding the Price Difference
Previously, the Leapmotor B10 SUV was priced at NPR 59,99,000. Following the company’s decision to reduce the price by NPR 5 Lakh, the new pricing structure reflects a significant adjustment. Prior to this change, the B10 imported by Saigrila Motors incurred taxes totaling 85.09% of its value. This included customs duty, excise duty, road development tax, and value-added tax (VAT).
Under the new government regulations, where taxes are calculated based on the vehicle’s value, the B10 now faces a tax burden of 70.86%. Saigrila Motors has indicated that despite the significant tax reduction, the final price increase was moderated to only NPR 5 Lakh due to the rising exchange rate of the Chinese Yuan.
Revised Down Payment Requirements
The reduction in the vehicle’s overall price naturally leads to a lower down payment requirement. As per Nepali regulations, a minimum of 40% of the vehicle’s value must be paid as a down payment. With the new, reduced price of the B10, the down payment has decreased by approximately NPR 2 Lakh.
Previously, prospective buyers needed to arrange a down payment of around NPR 24 Lakh. Now, with the revised pricing, the required down payment has been reduced to approximately NPR 22 Lakh. This makes the initial financial hurdle for owning the B10 much more manageable.
Lower Monthly Installments
The combination of a lower principal loan amount and the prevailing low bank interest rates translates into significantly reduced monthly installments for the Leapmotor B10. Saigrila Motors’ special offer of a 5.96% interest rate further enhances these savings.
Considering an 84-month loan tenure, the monthly installment for the B10 under its previous pricing would have been around NPR 52,515. With the new pricing and the attractive financing offer, the monthly installment is now approximately NPR 48,142. This makes the B10 a more affordable proposition for a wider range of Nepali consumers.
Nepal Market Context and EV Adoption
This price adjustment by Leapmotor comes at a crucial time for the electric vehicle market in Nepal. The Nepali government, through initiatives like revised tax structures, is actively encouraging the adoption of EVs to reduce reliance on fossil fuels and combat air pollution, particularly in urban centers like Kathmandu. The availability of over 1200 charging stations across the country, including the NEA network, is also bolstering consumer confidence in EVs.
Brands like BYD (distributed by Cimex), Hyundai (Laxmi Intercontinental), MG, and Tata (Sipradi) are already establishing a strong presence. The Leapmotor B10, with its competitive pricing and SUV form factor, is well-positioned to capture a share of this growing market. The practicality of electric SUVs is particularly relevant for Nepal’s diverse terrain, from city commutes to navigating the occasional rough patch, although robust charging infrastructure outside major cities remains a consideration.
Conclusion for Nepali Buyers
The NPR 5 Lakh price reduction on the Leapmotor B10 electric SUV is a game-changer for the Nepali EV market. Coupled with attractive financing options and favorable tax policies, this makes the B10 a highly compelling choice for those looking for a practical, eco-friendly, and now more affordable crossover SUV. Potential buyers should consider the lower down payment and reduced monthly installments, making it easier to own an EV. While the charging infrastructure is expanding, it’s advisable to assess charging availability along your regular routes. For those seeking an electric SUV experience without breaking the bank, the Leapmotor B10 is definitely worth a closer look.