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…

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…

KATHMANDU: German luxury carmaker Mercedes has revealed images of its latest electric concept racing car, the AMT GT XX. The concept vehicle, part of the AMG GT lineup, features powerful electric motors on both the front and rear axles. The…

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…

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…