KATHMANDU: China’s SAIC Motor is preparing to reduce its stake in JSW MG Motor India and will stop making fresh investments. The company currently holds 49 % in the joint venture. The move follows India’s tighter rules on Chinese investments…

KATHMANDU: A total of 346 vehicles of Nepal Police were torched and vandalized in three districts of Kathmandu Valley after the Gen Z protest escalated on September 8 and 9. According to the Kathmandu Valley Police Office, Ranipokhari, 218 two-wheelers…

KATHMANDU: Nissan has recalled the 2025 model of the Magnite SUV in Saudi Arabia after detecting brake-related issues. According to the Japanese automaker, a total of 1,552 units have been recalled. The Magnite facelift, manufactured in India, generated considerable buzz…

KATHMANDU: The iCaur V23 electric SUV was showcased in Nepal last month. SPG Automobiles, the authorized distributor for Chery’s Omoda, Jaecoo and iCaur sub-brands, plan to launch sales of the rugged lifestyle SUV in November. Chery’s iCar sub-brand is promoted…

KATHMANDU: Hyundai Motor Company has announced its bold 2030 vision at the CEO Investor Day held in New York, the first of its kind outside Korea. The company shared its long-term strategy focusing on electrification, manufacturing expansion and advanced technologies.…