KATHMANDU: Nepal Rastra Bank (NRB) has introduced stricter regulations on loan investment by hire purchase companies. On Monday, the central bank announced the Fifth Amendment to the “Policy and Procedural Guidelines for Approving Hire Purchase Loan Companies, 2070.” With this…

KATHMANDU: The import of 7,967 units in the first nine months of the current fiscal year 2024/25 shows the Nepali electric vehicles (EV) market is experiencing a remarkable surge. This growth reflects the increasing popularity of EVs, with more than four…

KATHMANDU: Chinese automobile major Chery showcased the Omoda 3 crossover at its recent Omoda/Jaecoo dealer conference in China. The car targets young buyers with its bold, futuristic design. Positioned to rival models like the Kia EV3 and MG 4, the…

KATHMANDU: European automobile Stellantis has announced the launch of its electric vehicle brand Leapmotor in India. The move is aimed at strengthening Stellantis’ footprint in one of the world’s fastest-growing automotive markets. Stellantis currently owns 14 major automobile brands. Among…

KATHMANDU: Chinese electric vehicle (EV) brand Zeekr has unveiled its first hybrid SUV, Zeekr 9X, at the 2025 Auto Shanghai. According to the company, the plug-in hybrid can deliver an impressive electric-only range of 380 kilometres. With this impressive range,…