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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…
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Honda reduces EV investment to focus on hybrids

KATHMANDU: Japanese automaker Honda has announced a strategic shift in its electrification plans by reducing its investment in electric vehicles (EVs) and placing greater emphasis on hybrid technology. The move comes amid a global slowdown in EV demand. Honda—the second-largest…