News

Toyota pulls the plug on next-gen Lexus EV sedan development

KATHMANDU: Toyota Motor has halted development of the next-generation Lexus electric sedan as the company shifts focus towards SUVs and other high-demand vehicle segments amid slowing global EV sales. According to Nikkei Asia, Toyota has stopped plans for the production…
News

Dr. Wagle’s debut budget: hope or heartbreak for Nepal’s auto industry?

KATHMANDU: Nepal’s automobile sector remains one of the key contributors to government revenue, but it continues to face persistent political instability. Businesses often struggle to operate within an uncertain framework, where even compliant players are unable to make long-term investment…