KATHMANDU: If you are planning to buy a vehicle with bank financing, this could be the most favourable time for you as bank interest rates are currently at a five-year low. Three years ago, loan interest rates had reached 15–16%.…

KATHMANDU: India aims to double automobile production in the next five years. The country is targeting 50 million vehicles in production by 2030 and 200 million units by 2047. To achieve this, a new national automotive mission plan (AMP) is…

KATHMANDU: The government has decided to allow the import of vehicles below the Euro 6 emission standard on a one-time basis. According to a notice published in the Nepal Gazette by the Ministry of Finance, vehicles for which proforma invoices…

KATHMANDU: The government has proposed a new rule that will make it compulsory for EVs to have a sound alert system from October 2026, according to ET. The Acoustic Vehicle Alerting System (AVAS) will help pedestrians and cyclists hear approaching…

KATHMANDU: The Chinese government is preparing to restrict the export of low-quality electric vehicles (EVs) following concerns that such exports were tarnishing the reputation of established brands. According to a new policy being introduced by the Chinese government, EV sellers…