KATHMANDU: The Nepal Automobile Importers and Manufacturers Association (NAIMA) has urged the Nepal Rastra Bank and the Ministry of Finance Nepal to increase the loan-to-value (LTV) ratio for vehicle hire-purchase loans from the current 60 percent to a maximum of…

KATHMANDU: The Supreme Court of the United States on Friday ruled 6-3 against President Donald Trump, striking down his sweeping tariffs on foreign goods, including imported vehicles and auto parts. The court said the president exceeded his authority under the…

KATHMANDU: Aprilia is set to introduce the new SR 175 scooter in the Nepali market soon. Delta Autocorp, the official distributor of the brand in Nepal, is set to launch the SR 175 between March and April. The SR 175…

KATHMANDU: Candidates contesting in the House of Representatives elections will not be allowed to use rooftop vehicles (vehicles driven with open roofs for public interaction) during campaign programs. The decision was taken at a meeting of the Central Security Committee…

KATHMANDU: Laxmi E-Mobility Pvt. Ltd., the authorized distributor of Forthing in Nepal, has introduced a limited-period scheme titled “Exchange & Upgrade to Friday EV,” offering benefits of up to Rs 700,000 on the purchase of the Forthing Friday. The offer…