KATHMANDU: The Nepal Automobile Importers and Manufacturers Association (NAIMA) has requested the Department of Transport Management (DoTM) to extend the vehicle registration deadline for businesses affected by recent floods and landslides. Under the existing provision, vehicles must be registered at…

KATHMANDU: The government is preparing to regulate the tax exemptions provided on deep-cycle lead-acid and lithium-ion batteries used in electric vehicles and clean tempos. The Ministry of Forests and Environment has prepared drafts of two separate procedures for this purpose.…

KATHMANDU: Interest rates on auto loans have fallen sharply in Nepal, with some banks now offering floating-rate loans at below 5%. The average base rate of commercial banks has declined significantly, allowing banks to offer loans at lower rates. Some…

KATHMANDU: The Nepal Automobile Importers and Manufacturers Association (NAIMA) has asked the government to make agency registration rules more business-friendly. A NAIMA delegation met Industry, Commerce and Supplies Minister Deepak Kumar Sah on Thursday to discuss the impact of the…

KATHMANDU: The Department of Transport Management (DoTM) has tightened rules for route permits and the operation of public vehicles. The department issued an eight-point directive to the transport-related ministries of all seven provinces on Wednesday. It has instructed authorities to…