car sales in nepal

Sales of motor vehicles, especially two-wheelers, have been growing faster in rural areas than in the towns, said traders and government officials. According to the Department of Transport Management, 170,034 vehicles including 145,135 motorcycles were registered in the last fiscal year 2011-12. The number of registrations were up 3.93 percent…

Registrations and sales of motor vehicles have continued to drop in the current fiscal year. The slowdown in the automobile sector has been attributed to a slump in the economy and higher prices resulting from a rising dollar and increased excise duty. The local automobile market saw a jump in growth during the fiscal year 2009-10 with the…