Agreement to set up an electric vehicle assembly plant, to be constructed within 6 months

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Agreement to set up an electric vehicle assembly plant, to be constructed within 6 months

An agreement has been reached between Sainamina Municipality and Sundar Traders Pvt. Ltd. to build an electric vehicle assembly plant on the river elevation land of Sainamina Municipality-8 and 9 of Rupandehi.

The municipality on Sunday agreed to lease land to Sundar Traders Pvt. Ltd. for 25 years to build an assembly plant on 10 bighas of land in three tolls including Bhadsi, Bhadsa and Shankarpur.

Chief of Sainamina Municipality Chitra Bahadur Karki said that Sundar Traders Pvt. Ltd. would invest Rs. 3.60 billion in the first phase to build the assembly plant, adding that it would help in the development of Sainamina.

It has been agreed that Sundar Yatayatra Pvt. Ltd. will provide Rs. 600,000 annually as rent to the municipality, 1 percent of the profit to the municipality and teach auto engineering to one student per year.

After the signing of the agreement, Bhesh Bahadur Thapa, chairman of Sundar Yatayat Pralika and operator of Sundar Traders, informed that the assembly plant will be constructed within six months.

The plant is being set up in Sanamaina through Sundar Auto Engineering, a sister company of Sundar Transport.

Chairman and operator Thapa said that if an assembly plant could be set up in his own country instead of importing and operating electric vehicles, all vehicles from small to large could be manufactured and the price would be reduced.

It is said that bringing a car parts from China and assembling it in Nepal will cost Rs 20 to 22 lakh per bus.

Similarly, after the construction of the plant in one’s own country, the obligation to look abroad when the vehicle breaks down or spare parts are needed will also end, said the company.

Thapa said the plant plans to produce 300 vehicles in the first year. After that, the production will be increased every year as per the need, Thapa said.

Thapa said 49 percent of the investment in the plant will be from beautiful auto engineering and 51 percent from Chinese companies. If the situation improves, the company aims to produce 1,000 vehicles annually by importing spare parts.

Thapa informed that additional 300 jobs will be created in the army after the construction of the plant. GorkhapatraFrom

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Rabins Sharma Lamichhane

Rabins Sharma Lamichhane is the owner of RabinsXP who is constantly working for increasing the Internet of Things (IoT) in Nepal. He also builds android apps and crafts beautiful websites. He is also working with various social services. The main aim of Lamichhane is to digitally empower the citizens of Nepal and make the world spiritually sound better both in terms of technology and personal development. Rabins is also the first initiator of Digital Nepal.

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