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EVs worth Rs 11.33 billion imported in one month

KATHMANDU: Electric vehicles worth Rs 11.33 billion were imported into the country in the month of Jestha (mid-May to mid-June) of the current fiscal year 2024/25. According to the Department of Customs, 3,598 units of electric cars, jeeps and vans…
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Four new vehicle assembly industries registered

KATHMANDU: Four new vehicle assembly industries have been registered in the current fiscal year so far. According to the Department of Industry (DoI), these new facilities are set to produce a range of electric vehicles (EVs), including two-wheelers, three-wheelers and…
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Private sector hails decision to keep tax rates unchanged

KATHMANDU: The decision to keep electric vehicle (EV) taxes unchanged in the fiscal year 2025/26 budget has elated the Nepali automobile industry. There were concerns in the automobile industry about a possible hike in EV taxes. However, Finance Minister Bishnu…