Automobile prices poised to rise on higher metal costs

Nepal imported vehicles and parts worth Rs44 billion in the first half of the current fiscal year.

If you are thinking of buying an automobile, be prepared to spend more than you have planned. Car prices are set to increase by 10 to 15 percent as Nepal's largest supplier India is readying for a second-round price hike since October due to higher costs of steel, aluminium and other metals. Spare parts are likely to become costlier too, insiders said.