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…

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…

KATHMANDU: Triumph Motorcycles has opened a new showroom in Pokhara. Hansraj Hulaschand & Company, the authorized distributor of Triumph Motorcycles in Nepal, has appointed Ichchhashakti Automobile as its dealer for the Pokhara region. The company delivered 50 Triumph units on…

KATHMANDU: The Bagmati Province government has unveiled plans to digitize transportation services and regulate ride-sharing platforms. Presenting policy and program of the province government for the fiscal year 2025/26, Province Chief Deepak Prasad Devkota announced that all transport-related services will…

KATHMANDU: The government’s ambitious vehicle digitization plan has fallen flat. The Department of Transport Management (DoTM) began installing embossed number plates in 2016, setting a target to cover 2.5 million vehicles across the country by December 2023. However, as of…