KATHMANDU: Insurance claims worth Rs 3.08 billion have been filed for 1,066 vehicles damaged or swept away by the devastating Bhotekoshi flood in Rasuwa on August 26. According to the Nepal Insurance Authority, claims totaling Rs 3.079 billion had been…

KATHMANDU: The government and private sector have stepped up efforts to reopen the Tatopani border point with China ahead of Dashain. The border point has been closed since September 30. The government and business representatives have asked the Chinese side…

KATHMANDU: The race for the 2027 World Car of the Year has officially begun, with 56 models shortlisted for the first stage of the awards. The list, released by the World Car Awards, includes models from major global automakers. Chinese…

KATHMANDU: Interest rates on auto loans have fallen sharply in Nepal, with some banks now offering floating-rate loans at below 5%. The average base rate of commercial banks has declined significantly, allowing banks to offer loans at lower rates. Some…

KATHMANDU: Nepal’s electric vehicle market has grown rapidly over the past two years, bringing a large number of new brands into the market. More than two dozen EV brands, mostly from China, have entered the Nepali market during this period.…