HighlightsNepal government has formed a committee to investigate 779 electric vehicles seized on suspicion of tax evasion.The move follows a directive from the Office of the Prime Minister and Council of Ministers.The committee includes representatives from the Ministry of Finance, Department of Customs, Nepal Police,...
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HighlightsBagmati Province has resumed registration of new public vehicles.The decision reverses a suspension that had been in place since May 21.Registration will continue under the previous system for now.Transport entrepreneurs had raised concerns over financial losses.The earlier halt followed a directive from the Department of...
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HighlightsNepal Government plans another amendment to its recently announced EV taxation framework.Finance Minister Dr. Swarnim Wagle says the Road Development Fee on EVs below Rs 5 million will be corrected.RDF expected to fall from 5% to 2.5% for vehicles priced under Rs 5 million.The change...
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HighlightsNepal will now calculate EV taxes based on vehicle value instead of motor powerThe policy was announced in the Fiscal Year 2026/27 national budgetFinance Minister Dr. Swarnim Wagle says the old system distorted the marketA new Green Tax replaces multiple existing customs-related chargesThe government also...
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HighlightsNepal has increased road construction and maintenance taxation linked to EV ownershipEntry-level EV buyers are expected to feel the biggest impactCustoms duty on smaller EVs already sits at 15%EV financing rules were tightened earlier through lower LTV limitsIndustry groups fear policy instability could slow market...
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HighlightsNepal is considering a simplified EV tax structure ahead of the 2026/27 budgetProposal could merge the current 51 kW to 200 kW categories into one tax slabCurrent system charges different customs and excise duties across motor power bracketsFinance Minister is expected to unveil the budget...
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Highlights2026 Beijing Auto Show sets global records with 380,000 square meters exhibition areaTotal of 1,451 vehicles displayed, including 181 debut models and 71 concept carsEvent draws 1.28 million visitors, including 65,000 overseas attendeesAI integration and intelligent driving emerge as core themes across automakersLevel 3 autonomous...
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HighlightsGovernment directive issued to enforce 45% student fare discountApplies to public transport operators nationwideInstruction targets strict implementation, not optional complianceFocus on student ID verification and fare regulationAims to ease daily commuting costs for studentsAuthorities warn against overcharging and refusalSignals tighter monitoring of transport syndicates and...
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HighlightsPublic transport fare revision demand intensifies across NepalFuel price surge identified as primary trigger behind pressurePassenger fares already increased by 16.71 percent in latest revisionDiesel up by Rs 40 per liter, petrol up by Rs 45 per liter in one monthElectric vehicles remain exempt from...
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HighlightsNepal Rastra Bank approval granted for issuing road toll payment cardsPush toward cashless toll collection system across highwaysFinancial institutions to lead card issuance and transaction ecosystemAims to reduce traffic congestion at toll plazasPart of broader digital payment infrastructure expansionSupports transport efficiency and revenue transparencyEarly-stage rollout,...
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HighlightsNepal government under pressure to tighten rules on Indian vehicles entering on day passesConcerns rising over misuse of temporary permits beyond intended durationTransport sector stakeholders flag revenue leakage and regulatory gapsFocus on stricter monitoring and enforcement mechanismsPotential impact on cross-border mobility and tourismPolicy revision discussions...
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HighlightsNepal Oil Corporation (NOC) reports a staggering 11 billion NPR loss in just over a month.Diesel prices rose from 91.88 NPR (Feb 16) to 242 NPR (Apr 1), yet NOC sells at 182 NPR, losing 120 NPR per liter.Petrol sales show a loss of 34...
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Highlights Aprilia SR GT 400 unveiled March 15 2026 400cc liquid‑cooled single‑cylinder engine delivering 36 hp and 27.8 lb‑ft torque Claimed 0‑60 m in 5 seconds Starts at €6,750 in Europe, just under US$8,000 Built on a high‑strength steel double‑cradle frame with 41 mm inverted...
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Highlights Leapmotor reports its first net profit in the 2025 fiscal year Net profit: $7.83 billion (≈ 11 billion 43 million rupees) EV deliveries jump 103% to 5,96,555 units Export volume hits 67,052 units, highest among Chinese EV startups Revenue climbs to 64.73 billion yuan,...
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Highlights Harka Sampang, Labour Culture Party chief, urges Nepal to manufacture cars locally. He targets a 300% tax myth circulating on social media. Sampang argues that tax cuts alone won’t spark foreign‑car sales. The debate surfaces as Nepal’s auto market grapples with high import duties....
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Highlights Mahindra opened a one‑day booking window for the BE6 Batman Edition All 999 units were sold in just 7 minutes Price set at 28 lakh 49 thousand (INR) per vehicle The edition draws design cues from Christopher Nolan’s The Dark Knight trilogy Custom satin‑black...
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Highlights CATL reports a net profit of 72.2 billion yuan (≈ 10.4 billion USD) for 2025 Profit jump of 42.38% year‑on‑year, driven by EV‑battery sales Total revenue climbs 17.04% to 423.7 billion yuan Power‑battery segment now accounts for 74.7% of revenue at 316.5 billion yuan...
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Highlights Crude oil futures breach $100 per barrel for the first time since 2022 Al Jazeera projects a possible climb to $150 amid supply disruptions Conflict involving Israel, the United States, and Iran tightens the Strait of Hormuz Iran exports roughly 1.6 million barrels daily,...
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Highlights China sees Dubai slip as a key transshipment hub amid the Iran‑Israel clash Jebel Ali port shut after a March 1 attack, halting a major export corridor 2023 Chinese car shipments to UAE hit 5.67 lakh units, a 70 percent jump from the prior...
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Highlights CF Moto 450 CLC unveiled by Rishi Trade Centre in Kathmandu Launch event held at Suzuki Driving Centre during Bike & Coffee 2026 449 cc parallel‑twin, liquid‑cooled engine delivering smooth mid‑range torque Price set at NRs 11,99,900 (≈ 12 lakh) for the base trim...
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