KATHMANDU: Nepal Rastra Bank (NRB) has introduced stricter regulations on loan investment by hire purchase companies. On Monday, the central bank announced the Fifth Amendment to the “Policy and Procedural Guidelines for Approving Hire Purchase Loan Companies, 2070.” With this…

KATHMANDU: The import of 7,967 units in the first nine months of the current fiscal year 2024/25 shows the Nepali electric vehicles (EV) market is experiencing a remarkable surge. This growth reflects the increasing popularity of EVs, with more than four…

KATHMANDU: The government is preparing to implement new vehicle emission standards after a 12-year gap. The existing Vehicle Emission Standards, 2012 allow the import of only those vehicles that meet Euro 3 or equivalent standards. Although the government had tried…

KATHMANDU: European automobile Stellantis has announced the launch of its electric vehicle brand Leapmotor in India. The move is aimed at strengthening Stellantis’ footprint in one of the world’s fastest-growing automotive markets. Stellantis currently owns 14 major automobile brands. Among…

KATHMANDU: Chinese battery giant Contemporary Amperex Technology Co, Limited (CATL) has launched Naxtra, a sodium-ion battery brand, to deliver safer, more cost-effective alternatives for electric vehicles (EVs). Naxtra will go into mass production in December. According to the American Physical Society,…