KATHMANDU: Oil prices rose sharply after Donald Trump announced a naval move targeting Iran. The decision came after ceasefire talks between the US and Iran collapsed over the weekend. The global benchmark Brent crude jumped more than 8 percent to…

KATHMANDU: Ouyang Minggao has projected that pure electric vehicles will dominate around 90% of China’s automotive market by 2040. He shared this outlook at the Intelligent Electric Vehicle Development Forum held in Beijing. The Tsinghua University professor stated that plug-in…

KATHMANDU: NADA Automobiles Association of Nepal has urged the government to introduce incentive policies for the development of the auto component industry. A NADA delegation, led by President Surendra Kumar Uprety, met Revenue Secretary Bhupal Baral at the Ministry of…

KATHMANDU: Nepal Oil Corporation has once again increased the prices of petroleum products. According to the corporation, petrol prices have gone up by Rs 17 per liter, while diesel/kerosene has increased by Rs 25 per liter. The price of cooking…

KATHMANDU: The recent Iran conflict has already impacted the global automotive industry, even as tensions begin to ease. Analysts say even a quick end to the war will not prevent a significant sales shortfall in 2027. Shipping through the Strait…