KATHMANDU: The Nepal Automobile Importers and Manufacturers Association (NAIMA) and the Kathmandu Valley Traffic Police Office have signed a five-year strategic agreement to strengthen traffic management and road safety. Under the agreement, regular training will be provided to all 1,651…

KATHMANDU: The European Union and China are close to resolving their dispute over electric vehicles. The talks aim to reduce trade tension and avoid a wider trade conflict. Under the proposed plan, the EU may replace its new tariffs on…

KATHMANDU: India’s automotive industry is facing supply pressure due to shortages of rare-earth magnets, largely controlled by China. The issue has affected automakers since the beginning of the current fiscal year, according to ET. China accounts for about 69 percent…

KATHMANDU: The Bagmati Province government has announced multiple tax relief measures for vehicle owners in the current fiscal year 2025/26. The provisions are included in the provincial Finance Act and decisions of the Council of Ministers. The relief covers vehicle…

KATHMANDU: The Delhi government is considering offering financial incentives to convert old petrol and diesel vehicles into electric vehicles under its proposed EV Policy 2.0. According to media reports, the transport department has proposed an incentive of 50,000 Indian rupees…