KATHMANDU: The government has announced major policy changes for Nepal’s automobile sector through the budget for Fiscal Year 2026/27 (2083/84). The new budget focuses on electric mobility, tax reform and transport infrastructure development. EV tax now based on vehicle value…

KATHMANDU: Toyota Motor has halted development of the next-generation Lexus electric sedan as the company shifts focus towards SUVs and other high-demand vehicle segments amid slowing global EV sales. According to Nikkei Asia, Toyota has stopped plans for the production…

KATHMANDU: The government is presenting the budget for fiscal year 2026/27 today, May 28, 2026. The automobile sector is also closely watching the new budget, especially possible changes in vehicle taxation. Like previous years, the government is expected to revise…

KATHMANDU: SAIC Motor has launched the new MG 4X electric SUV in China with a semi-solid-state battery option. The company has set the starting price at 99,800 yuan (around $14,700), while a limited-time promotional price starts from $13,700. The MG…

KATHMANDU: Reports of a possible merger between Tesla and SpaceX have sparked debate in the US market over Elon Musk’s growing influence across his companies. According to reports, Musk has discussed combining Tesla and SpaceX ahead of SpaceX’s expected Nasdaq…