KATHMANDU: The electric vehicle business is becoming a litmus test for Nepal’s corporate sector. Business groups that have long been successful in industries outside automobiles are now rapidly entering the EV market. The trend is raising questions about the sector’s…

KATHMANDU: Hero MotoCorp has approved an additional investment of US$117 million in electric two-wheeler maker Ather Energy. The investment will be made through a preferential allotment of new shares or convertible securities, subject to regulatory and shareholder approvals. Hero MotoCorp…

KATHMANDU: Nepal Rastra Bank (NRB) has increased the maximum loan-to-value (LTV) ratio for large electric passenger vehicles used in public transport to 80%, making it easier for operators to purchase electric buses. The provision has been introduced through NRB’s directives…

KATHMANDU: Nepal’s sub-Rs. 5 million electric SUV segment is becoming increasingly competitive. Among the latest entrants, the BYD Atto 2 and Dongfeng Nammi 06 (Vigo) have quickly emerged as two of the most talked-about models. Both compact electric SUVs have…

KATHMANDU: Ferrari says it anticipated mixed reactions to the design of its first all-electric model, the Luce, but admits it did not expect the intensity of the criticism following the car’s debut in late May. In an interview with Edmunds,…