Overview
The crippling automotive has nothing to offer but Meezan Bank has to benefit from it and offer installment plans for electric bikes. Electric bikes are the best alternative option to petrol engine bikes. The high set fuel prices in Pakistan left no other option but to move on to e-bikes.
Automakers are not able to produce new vehicles option because of the import restriction and unfavorable economic situations. Meanwhile, the rest of the world is moving faster on electric vehicles plan.
Anyhow, Meezan Bank’s electric bike installment plan sounds attractive and competitive for the bikes. The offer will be available for both petrol engines and electric bikes.
Conditions & Benefits
Meezan Bank has made some conditions for the installment plan and also shared the benefits will offer to the customer with this installment plan.
- The offer is only valid for Meezan Bank Debit and Credit Card holders.
- Installment period of up to two years.
- Downpayment will be charged a minimum of 15% of the bike cost and a maximum of 50% of the bike price.
- The lowest monthly installment is Rs. 7,461.
- The processing fee is Rs. 1,800 which is non-refundable.
- Immediate ownership transfer.
Pakistan automakers are offering different plans. Pak Suzuki announced an installment plan for used cars, and Kia and Chery announced the “Ready Deliver” vehicle offers. It seems there is enough effort they are doing to survive in this challenging time period. Automakers have doubts that the coming Fiscal Budget will increase car prices more which will be made the more tough situation for them.
Conclusion
The available locally assembled electric motorbikes in Pakistan offer low mileage coverage than petrol bikes. The automotive industry required a favorable environment to work on EV production and improve its strength. It is only possible if the government offers relaxation in taxes and duties. Also, lift the restriction on automotive parts import.
