KATHMANDU: Nepal Rastra Bank has continued to introduce flexible measures to support economic activity, but the central bank has kept its policy on the automobile sector largely unchanged over the past year. Since the last fiscal year, the central bank…

KATHMANDU: The Government of Uttar Pradesh has signed a Memorandum of Understanding (MoU) with AVW Global to bring MotoGP back to India. The agreement aims to revive international motorcycle racing events in the country, according to Autocar India. AVW Global…

KATHMANDU: Nepal is preparing to introduce a 10 percent ethanol blend in petrol after the Cabinet approved the ‘Ethanol Blending Order 2082’. The government is expected to publish the order in the Gazette soon and begin implementation. Industry, Commerce and…

KATHMANDU: The Government of Delhi has announced strict enforcement against end-of-life vehicles (ELVs) operating in the city. According to a public notice issued by the Delhi Transport Department, older petrol and diesel vehicles found operating or parked in public places…

KATHMANDU: The Nepal Automobile Importers and Manufacturers Association (NAIMA) has urged the Nepal Rastra Bank and the Ministry of Finance Nepal to increase the loan-to-value (LTV) ratio for vehicle hire-purchase loans from the current 60 percent to a maximum of…