News

Triumph Speed 400’s price up by Rs 10,000

KATHMANDU: The price of the Triumph Speed 400 motorcycle has gone up by Rs 10,000. According to Hansraj Hulaschand & Company, the official distributor of Triumph motorcycles in Nepal, Triumph Speed 400 will now cost Rs 649,900. This is the…
News

Bagmati makes embossed number plates mandatory, again

KATHMANDU: The Bagmati Province Government has made embossed number plates mandatory for all motor vehicles registered in the province. The announcement was made through the budget for fiscal year 2025/26 presented in the Bagmati Province Assembly on Sunday. “To ensure…
News

Hyundai exits Ola Electric, Kia reduces stake

KATHMANDU: Hyundai Motor Company has made a full exit from Ola Electric by selling its entire 2.47% stake in the Indian company. Likewise, fellow South Korean company, Kia, has also offloaded 0.6% of Ola Electric shares, according to recent filings…
News

Geely to halt expansion amid overcapacity concerns

KATHMANDU: Geely Chairman and Founder Li Shufu has raised concerns over “serious overcapacity” in the global automotive sector, stating that the company will not build new manufacturing plants or expand production at existing facilities. Li made the remarks during an…