Nepal’s automobile sector hits speed bump ahead of festive season

As per the revised budget announced by the government, higher excise duty and road construction charge will be levied on two-wheelers sold in the country.

Nepal’s automobile market has hit a new speed bump after the government increased the excise duty and road construction charge on two-wheelers through the revised budget for the fiscal year 2021-22. Prices will increase from Rs15,000 to Rs50,000 depending on the engine capacity.