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Nepal new budget: removes tax hikes on EVs, waives renewal & road tax for 5 years. The Government of Nepal, Finance Minister Yuba Raj Khatiwada announced the budget for the fiscal year 2021-22 which allocated a total of 1.64 trillion NPR ($14 billion) for the energy sector in Nepal. The government has set the growth of 6.5
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, in collaboration with its authorised distributor CG Motors, has announced its business expansion plans in Nepal. CG Motors is set to rapidly expand the sales and service network across Nepal to meet the increasing demand from customers.
Axial Vector will enter into a patent license agreement to the JV on its technology, and will receive a five-year royalty payment in addition to its JV ownership starting with 5% of product sales value. Founded in 1888, Kirloskar Group today is a multi-product, multi-location engineering conglomerate with annual sales exceeding US$1.0
Rise of petrol prices boosting sales of electric two-wheelers in India . The rise in fuel prices has boosted the sales of the electric two-wheelers as consumers are looking for alternatives. The post Rise of petrol prices boosting sales of electric two-wheelers in India appeared first on Promoting Eco Friendly Travel.
The battery-swapping giant that boasts hundreds of thousands of daily battery swaps across Asia is gearing up to see Nepal join its ranks soon for commercial operations. Of course, this isn’t Gogoro’s first run in Nepal. Both are key features for the Nepal market.
Honda Elevate SUV has achieved its first major sales milestone within 18 months of its launch. The compact SUV, which rivals the likes of Hyundai Creta , Kia Seltos , Maruti Grand Vitara among others, has crossed one lakh sales landmark this month. Honda sells the Elevate SUV both in India and markets abroad.
The company, which has clocked sales of over 15,000 units in the national capital region since the launch of the iQube in CY2020, has introduced three new variants in its all-electric portfolio. TVS Motor Company (TVS) has today expanded its iQube range of electric scooters in one of its key markets – Delhi-NCR.
A deep dive into the last seven calendar-year and fiscal-year wholesales (see data tables below, along with the latest export sales data of leading OEMs for April 2024 and January-April 2024, reveals that things have started looking up on the two-wheeler export front.
TVS Motor Co has wrapped up CY2023 on a high note with its best-ever annual sales in the domestic market as well as record EV sales. And the iQube e-scooter also clocked its best-ever calendar year sales. The Jupiter and the NTorq 125 are the two best-selling scooters for TVS.
TVS Motor Co has wrapped up CY2023 on a high note with its best-ever annual sales in the domestic market as well as record EV sales. And the iQube e-scooter also clocked its best-ever calendar year sales. The Jupiter and the NTorq 125 are the two best-selling scooters for TVS.
As accurately forecast last month to go beyond the 900,000-unit milestone , retail sales of electric scooters and motorcycles in FY2024 have hit a record 935,000 units and counting, as a result of best-ever monthly sales of nearly 130,000 units in March 2024. Leading the charge is the electric two-wheeler industry.
They said the deal would provide the startup with a significant cash runway while discussing an external round or strategic sale. However, it denied consideration of direct sales. The company ships to South Africa, Nepal, Kuwait, South America, and Sri Lanka. According to sources, three new models will be launched this year.
Solidifying its leadership position of 23 consecutive years, Hero MotoCorp, globally the largest manufacturer of scooters and motorcycles closed the financial year 2023-24 (April 1, 2023-March 31, 2024) with sales of 56,21,455 units of motorcycles and scooters, registering growth of 10% in the fourth quarter (Jan-Mar’24) of the fiscal year.
The Honda Elevate is a boxy SUV and is exported to countries like Japan, South Africa, Nepal and Bhutan. Honda Car India recently established the Elevate SUV’s sales figure achievements and it announced that over 59 per cent of buyers bought the Elevate in its top-spec ZX trim.
The iQube, which has sold over 300,000 units (including 189,896 units in FY2024) since launch in January 2020, is also sold in Nepal. Having launched retail operations and eight products including the iQube and X EVs earlier this month in Italy , the Chennai-based auto major has launched its iQube electric scooter in Sri Lanka.
It will go on sale in Europe later this year Citroen has revealed the new C3 Aircross for Europe that will be sold in ICE and EV powertrain options. But the new C3 Aircross is distinctly different in design when compared to the model sold here. Read more The 2024 Citroen C3 Aircross gets notable design changes over the India-spec model.
In fact, the model that will go on sale in Japan is being made in India and will be exported to Japan from India. HCIL has been exporting models in its line-up to left-hand drive markets in Turkey, Mexico and the Middle East and right-hand drive markets in Nepal, Bhutan, South Africa and SADC countries.
Sales were bolstered further still. Factory-fitted CNG kit added fuel to the sales fire. As such, WagonR managed to scale mount one million (sales) in July of 2024. Longer, wider and taller, the model now also packed in additional safety features like ABS, airbags and fog lamps. The result? Where is WagonR exported to?
Pure Epluto 7G PURE is now one of India’s leading EV2W brands and also holds a dominant position in exports to South Asian countries like Nepal and Bhutan. Brake hardware includes drum brakes on both wheels. The company is committed to building a reliable electric vehicle brand.
Provision of finance for these customers will lead to a 50% jump in sales. On the dealer front, Pure now has 84 operational outlets, including one in Nepal. To this end, the company has a policy of not doing any b2b sales - all sales are routed through dealers. Transparency from NBFCs is important.
After record-breaking sales in the previous financial year, tractor sales are on a slow lane in India – the world’s biggest market for tractors. Domestic tractor sales peaked at around 945,000 units in 2022-2023 (April-March) as factors such as a good monsoon season and farm incomes lightened farmers’ sentiments across the country.
Until recently, the residents of Melamchi, Nepal, cooked meals and heated water for bathing over a wood-burning stove. The project in Nepal was supported by funds Kiani raised through the IEEE Industrial Electronics Society. Schoolchildren didn’t have access to the Internet or reliable electric lighting for studying after dark.
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