KATHMANDU: The government has removed excise duty on electric vehicles. The change comes through the Economic Act 2026, introduced to implement the budget for FY 2026/27. Finance Minister Dr. Swarnim Wagle announced a new tax structure. EV taxes will no…

KATHMANDU: The government has doubled the third-party insurance coverage requirement for vehicle owners to Rs 1 million. Announcing the budget for fiscal year 2026/27 during the joint meeting of the Federal Parliament on Friday, Finance Minister Dr. Swarnim Wagle said…

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: The government has allocated more than Rs 120 billion for the upgrade and expansion of major highways across the country in the upcoming fiscal year 2026/27 (2083/84). Presenting the annual budget in the joint meeting of the Federal Parliament…

KATHMANDU: Nepal’s automobile sector remains one of the key contributors to government revenue, but it continues to face persistent political instability. Businesses often struggle to operate within an uncertain framework, where even compliant players are unable to make long-term investment…