Skip to content
Shikhar Insurance
National Life

The dominance of Chinese electric vehicles in the Nepali market has increased further.

Hyundai
NCELL
NIMB

Kathmandu. The dominance of Chinese vehicles is visible in the Nepali market. Recently, the public’s attraction to four-wheeled electric vehicles has increased, leading to an increase in the number of vehicles coming to Nepal.

According to the data of the Department of Customs till Falgun, 7,089 electric vehicles have been imported into Nepal. Of these, 5,278 electric vehicles have been imported from China. Only 1,775 have been imported from India. The share of Chinese brands in electric vehicles imported into Nepal is around 80 percent.

In particular, sellers are bringing and selling brands from India, including Tata, Hyundai, Mahindra, Kia, along with Chinese brands like BYD, Neta, MG, Ceres, and Ora, to Nepal. According to sellers, Tata Motors is also included in the list of Indian brands. Which is currently doing good business through the Punch EV and Tiago EV.

So, India also seems to be busy producing electric vehicles. Indian Prime Minister Narendra Modi recently inaugurated the second edition of the ‘World Automotive Exhibition’ and said that more than 100 new vehicles, components and technologies will be offered, with an emphasis on electric vehicles.

Its policy is to increase the products of vehicle manufacturers, component, electronic equipment, tire and energy storage manufacturers, as well as vehicle software companies.

The then Finance Minister Bishnu Prasad Poudel, while presenting the 2078/079 budget, had announced that 10 global brands that produce electric vehicles would be encouraged to bring them to Nepal in line with the policy to encourage the use of electric vehicles.

Light vehicles that still run on petroleum products will be banned in 2088 The government has set a goal to implement a strategic plan to replace electric vehicles by 2021. Customs Department Director Narayan Prasad Regmi said that the import of electric vehicles from Tatopani and Rasuwagadi has increased at a high rate.

He said, “The demand for electric vehicles in the market is high, and traders are also bringing Chinese vehicles as per the demand, which is also having a good impact on our revenue.”

According to him, vehicles are often stuck in the queue when traders do not proceed with the customs clearance process on time. He said that traders may have delayed the customs clearance process because it costs a lot of money to clear customs. Regmi said that the inspection is carried out within a few hours of the process being initiated.

GBIME

प्रतिक्रिया दिनुहोस्