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Strait of Hormuz crisis could spike global fuel prices

KATHMANDU: Tensions in the Gulf region have raised fears about a possible shutdown of the Strait of Hormuz by Iran. This comes after recent military actions by the United States, and experts warn that such a move could disrupt global…
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EREVs become fastest growing powertrain globally

KATHMANDU: Electric vehicles equipped with backup internal combustion engine generators, known as Extended-Range Electric Vehicles (EREVs), are now the fastest-growing type of powertrain globally, according to BloombergNEF’s Electric Vehicle Outlook 2025. These vehicles mainly run on battery power but include…
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Stellantis multi-brand showroom opens in Kathmandu

KATHMANDU: Stellantis has opened its second multi-brand showroom in Kathmandu as part of its effort to expand in south Asian market. The new showroom, located in Utthardhoka, Kathmandu, is operated by Shangrila Motors Pvt. Ltd., a subsidiary of the Golchha…