KATHMANDU: Nepal Rastra Bank (NRB) has tightened the loan-to-value (LTV) ratio for vehicle financing by hire purchase companies. As per the revised policy, introduced through the fifth amendment to the Policy and Procedural Framework for Licensing Hire-Purchase Credit Companies, 2013,…

KATHMANDU: The internal rift within the Nepal Automobile Dealers Association (NADA) has taken a fresh turn with the emergence of a rival industry body—the Nepal Automobiles Importers and Manufacturers Association (NAIMA). In a retaliatory move, NADA has demoted its Senior Vice…

KATHMANDU: India’s leading car manufacturer, Maruti Suzuki, has announced a major safety upgrade across its lineup. All its models, including the entry-level vehicles like the Eeco, Alto K10, and Celerio, will now come equipped with six airbags as standard. While…

KATHMANDU: Four traffic police personnel have been suspended after a video of them assaulting a civilian went viral on social media on Thursday. The Kathmandu Valley Traffic Police Office has confirmed that four personnel stationed at the Janasewa Traffic Police…

KATHMANDU: Yatri, the country’s first electric motorcycle startup, has received a temporary number plate for its latest prototype, the P2. This is the first time that a locally produced motorcycle has been officially registered with a temporary plate. The Department of…