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MG Windsor to be launched on Wednesday

KATHMANDU: The MG Windsor EV is officially hitting the Nepali roads this Wednesday. Paramount Motors, the authorized distributor for MG vehicles in Nepal, is introducing the all-electric compact utility vehicle (CUV) to the local market. The Windsor is the second…
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Morning Midas sinking may cost the industry $560 million

KATHMANDU: The Morning Midas, a cargo ship that caught fire on June 3 and sank 20 days later in international waters near Alaska’s Aleutian Islands chain, is projected to cost the shipping and automobile industry about $560 million, according to…
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BYD scales back production in China as inventory piles up

KATHMANDU: Chinese automaker BYD has scaled back production at several domestic plants as unsold inventory levels continue to rise, despite recent aggressive discounting efforts. According to Reuters, BYD has canceled night shifts at its plants and deferred plans to install…
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Lalitpur announces 5% property tax rebate for EV users

KATHMANDU: Residents of Lalitpur Metropolitan City using electric vehicles (EVs) will receive a 5% rebate on their property tax from the next fiscal year. The metropolis announced the incentive through its budget for the fiscal year 2025/26. “Lalitpur residents who…