KATHMANDU: MG Motor has become the first Chinese automotive brand to record cumulative sales of more than one million vehicles in Europe and the United Kingdom. The milestone highlights the growing presence of Chinese automakers in the European market. The…

KATHMANDU: Maruti Suzuki is set to boost its electric vehicle production with a dedicated EV assembly line at its Gujarat plant. The new line, aimed at increasing capacity for both domestic sales and exports, is expected to be operational by…

KATHMANDU: VinFast has introduced a new Value Assured program in India, offering assured buyback and exchange benefits for customers purchasing the VF 6 and VF 7 electric SUVs. Under the scheme, the company promises an assured resale value of up…

KATHMANDU: The Government of Delhi has announced strict enforcement against end-of-life vehicles (ELVs) operating in the city. According to a public notice issued by the Delhi Transport Department, older petrol and diesel vehicles found operating or parked in public places…

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…