KATHMANDU: Hyundai has reduced the US price of the 2026 Ioniq 5 N by US$6,300, with the high-performance electric crossover now starting at US$61,500, including destination charges. Despite the lower price, the 2026 model receives several updates. Hyundai has expanded…

KATHMANDU: Toyota and BMW have launched a six-month pilot program in Spain to demonstrate that existing petrol-powered vehicles can reduce carbon emissions by using renewable gasoline made from used cooking oil, agricultural waste and other organic residues. The project involves…

KATHMANDU: JSW MG Motor India has introduced MG ADAPT (Advanced Drive Architecture Platform Technology), a new modular vehicle platform designed to support multiple electrified powertrains. The company says it is India’s first Multi New Energy Vehicle (NEV) platform capable of…

KATHMANDU: Hero MotoCorp has approved an additional investment of US$117 million in electric two-wheeler maker Ather Energy. The investment will be made through a preferential allotment of new shares or convertible securities, subject to regulatory and shareholder approvals. Hero MotoCorp…

KATHMANDU: Nepal’s Cabinet has decided that tree felling approvals for infrastructure projects will no longer require Cabinet endorsement, a move expected to speed up the implementation of major development projects. At its meeting on Thursday, the Cabinet approved a new…