News

Toyota teases electric version of its best-selling Corolla

KATHMANDU: Toyota has hinted at an all-electric version of its legendary Corolla sedan. The company revealed the concept during a live-stream event in Japan on Monday. The Corolla, launched over 50 years ago, became Toyota’s most popular model and once…
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China recovers 99.6% key materials from used EV batteries

KATHMANDU: China has introduced new national standards for recycling EV batteries, achieving up to 99.6% recovery of nickel, cobalt, and manganese, and 96.5% for lithium in pilot programs, according to Chinese media. The General Administration of Market Supervision has approved…
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Bajaj Auto cleared to take full control of KTM parent company

KATHMANDU: Bajaj Auto has received approval from the Austrian Takeover Commission to take control of Pierer Mobility AG (PMAG), the parent company of KTM. The approval gives Bajaj a “restructuring privilege,” allowing it to gain control without making a public…
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European cars face survival challenge in Nepal, dealers shift focus

KATHMANDU: European car brands that once had a strong presence in Nepal’s mass market are now struggling to survive. Their market share, which remained strong until 2017–18, has sharply declined with the rise of Chinese cars. Brands like BMW, Volkswagen,…