KATHMANDU: Nepal Rastra Bank (NRB) has increased the maximum loan-to-value (LTV) ratio for large electric passenger vehicles used in public transport to 80%, making it easier for operators to purchase electric buses. The provision has been introduced through NRB’s directives…

KATHMANDU: Ferrari says it anticipated mixed reactions to the design of its first all-electric model, the Luce, but admits it did not expect the intensity of the criticism following the car’s debut in late May. In an interview with Edmunds,…

KATHMANDU: Electric vehicle sales in the US rebounded in the second quarter of 2026 as rising gasoline prices encouraged more consumers to choose electric cars. According to Cox Automotive, around 247,000 EVs were sold during the quarter, up 14.7 percent…

KATHMANDU: Chery Jaguar Land Rover (Chery-JLR) has unveiled the interior of the Freelander 8, the first production SUV developed under its new Freelander brand, through its official social media channels. The model is scheduled to make its debut in China…

KATHMANDU: BAIC, the Chinese automobile brand known for producing the official vehicles used by Chinese President Xi Jinping, has officially entered the Nepali market through Laxmi Group. The arrival of BAIC marks another major addition to Nepal’s growing automotive market…