Automobile & Assembly

Driving towards innovation

Vehicle registration in Nepal is expected to reach nearly 30,000 units by 2026. In 2021, the number will be around 23,000. This is a growth rate of around 4% per year on average since 2010. This represents an increase of almost 20% each year.

Nepal’s burgeoning automotive and assembly industries hold promise for investors seeking growth. With increasing demand for vehicles and technological advancements, Sampanna Capital helps navigate this dynamic landscape, ensuring strategic investments that accelerate progress.

The future of the automobile industry in Nepal looks promising. As the economy continues to grow, more people will have the purchasing power to buy cars and other vehicles. Additionally, there is a growing demand for electric vehicles worldwide, including in Nepal, due to their environmental benefits. The government is also taking steps to promote electric vehicles and has introduced various incentives and policies to encourage their adoption. This will drive investment and development in the automobile industry, making Nepal a hub for electric vehicles. With these factors combined, the future of the automobile industry in Nepal appears to be bright.

The import of EVs has increased by 60.95 percent in the first seven months of the current fiscal year, compared to the same period a year ago, according to the Department of Customs.

The electric vehicle prospect industry in Nepal has a promising future. With increasing concerns about pollution and the need for sustainable transportation options, there is a growing demand for electric vehicles in the country. The government has also shown support by providing incentives and subsidies for electric vehicle adoption. Additionally, the availability of renewable energy sources like hydroelectric power makes it feasible to charge electric vehicles in Nepal. However, challenges such as the high initial cost of electric vehicles and the limited charging infrastructure need to be addressed. Overall, the electric vehicle prospect industry in Nepal has great potential, but further efforts are needed to encourage its growth.

SCAN Capital has conducted in-depth research and analysis in the burgeoning field of Electric Vehicle (EV) charging station setup. With the global shift towards sustainable transportation solutions, the EV industry is experiencing exponential growth, making it a prime investment opportunity. Our research in this sector has allowed us to gain valuable insights into the market dynamics, regulatory landscape, technological advancements, and emerging trends. Whether you are an institutional investor seeking to capitalize on the EV revolution or an entrepreneur looking to enter this exciting industry, SCAN Capital is well-equipped to provide strategic guidance and financial expertise to help you navigate the evolving EV charging station setup business successfully. Our commitment to staying at the forefront of industry developments ensures that our clients are well-positioned to harness the immense potential of the electric vehicle charging infrastructure market.

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The import of EVs has increased by 60.95 percent in the first seven months of the current fiscal year, compared to the same period a year ago, according to the Department of Customs.