News

Global automakers borrow China playbook to crack Indian market

KATHMANDU : Global automakers are increasingly partnering with Indian companies as they look for a more cost-effective way to expand in the country’s highly competitive car market, according to Nikkei Asia. Honda has partnered with Tata Technologies to develop a…
News

Global car prices climb as Nepal’s auto market battles a price war

KATHMANDU: Car prices are coming under pressure in global markets as automakers face higher costs for raw materials, energy and transportation. The industry is also facing continued semiconductor supply challenges. These factors could push vehicle prices higher in the coming…
News

Driving license quota system is back

KATHMANDU: The quota system for obtaining driving licenses has been reintroduced as transport offices continue to face problems with the new online licensing system. The Department of Transport Management (DoTM) introduced the new Electronic Driving License and Vehicle Registration System…
News

80% of hire purchase company loans go to vehicles

KATHMANDU : Samir Thakur, CEO of Hulas Finserv Hire Purchase Company, said around 80% of the loans provided by hire purchase companies are currently going towards vehicle purchases. Speaking at the “Mobilizing Mobility Through Finance and Insurance” program organized by…