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New traffic law draft set to move forward under new government

KATHMANDU: Nepal’s long-pending new vehicle and transport law is likely to move forward once the new government takes office, replacing the outdated Vehicle and Transport Management Act, 2049. The Ministry of Physical Infrastructure and Transport had already prepared the draft…
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TVS exchange and finance carnival from March 25

KATHMANDU: Jagdamba Motors is set to organize the ‘TVS Great Grand Exchange and Finance Carnival’ from March 25 to 30 at Bhrikutimandap, Kathmandu. The event will offer exchange and finance schemes on TVS Motor Company motorcycles and scooters. Customers can…
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Legacy automakers slow EV push despite $70 billion spending

KATHMANDU: Several major automakers are reassessing their electric vehicle (EV) strategies after spending nearly $70 billion on electrification programs that are now being scaled back. Changing policy conditions in the United States and slower-than-expected EV demand have forced companies to…