KATHMANDU: A new commercial vehicle holding company, Archion, has started operations in Japan. The company is backed by Toyota Motor and Daimler Truck. Archion combines Hino Motors and Mitsubishi Fuso Truck and Bus under one group. It aims to improve…

KATHMANDU: Geely has reinforced its focus on methanol-powered vehicles. Chairman Li Shufu said lithium battery EVs are too heavy for future transport needs. Speaking at the China Smart EV Development Forum 2026, Li said lithium EVs can weigh up to…

KATHMANDU:  The government has increased the price of LPG while reducing the prices of petrol and diesel. Nepal Oil Corporation (NOC) revised the rates based on the latest purchase price from Indian Oil Corporation. The new prices came into effect…

KATHMANDU: Production of Indian lubricant brand Servo has officially started in Nepal. Golchha Group, in partnership with Indian Oil Corporation, has launched a modern lubricant manufacturing plant in Devchuli, Nawalpur. Golchha Group Chairman Shekhar Golchha said production has started from…

KATHMANDU: Nissan has indicated it is open to exploring a potential partnership with Honda in India, as both brands look to improve cost efficiency in the market, according to Autocar India. Nissan CEO Ivan Espinosa said the company is willing…