KATHMANDU: Global oil prices are rising after the United States and Israel launched military strikes on Iran, escalating tensions across the Middle East and raising concerns about potential disruptions to global crude supply. A major focus of the market is…

KATHMANDU: Thousands of foreign-brand cars are entering Russia through China despite Western sanctions imposed after the 2022 Ukraine invasion. According to registration data reviewed by Reuters and Russia-based research firm Autostat, vehicles from brands such as Toyota, Mazda, Mercedes-Benz, BMW,…

KATHMANDU: The final global automotive sales rankings for 2025 are in, and the results signal a significant shift in the industry’s balance of power. With Stellantis Group releasing its financial report on February 26, the full picture is now clear,…

KATHMANDU: Nepal’s car market has a clear favorite these days; the SUV. And the numbers tell a compelling story. In 2024, out of 13,782 cars sold across the country, 8,223 were SUVs. That works out to nearly 60 percent of…

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…