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German auto industry joins forces to challenge U.S. tech dominance

KATHMANDU: Leading German automakers Volkswagen, BMW and Mercedes-Benz, along with major suppliers such as Bosch, Continental, Porsche and ZF, have come together to form a European software alliance. According to the German Association of the Automotive Industry (VDA), the partnership…
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Fines of up to Rs 1 million proposed for those damaging roads

KATHMANDU: The government is set to overhaul its public road safety and infrastructure policies by introducing a new Public Road Safety and Transport Act. The Ministry of Physical Infrastructure and Transport has finalized the draft of the new legislation, which…
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Surge in import agency registration underscores automobile boom

KATHMANDU: The Nepali automobile market is experiencing a surge of new entrepreneurs attracted by quick profits and fewer complexities compared to other sectors. While industries such as manufacturing, tourism, agriculture, construction and hydropower require significant infrastructure and years to break…
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E-commerce firms accelerate EV adoption in South Asia

KATHMANDU: E-commerce firms are kicking off a quiet green revolution in South Asia with every electric ride. In India, e-commerce and food delivery leaders like Flipkart, Amazon, BigBasket, Swiggy and Eternal (previously Zomato) are gradually adopting electric two-wheelers and vehicles…