August 31, 2016 01:00 AM NPT
Dealers expecting transactions worth Rs 2 billion
KATHMANDU, Aug 30: The 11th edition of NADA Auto Show kicked off at the Bhrikuti Mandap Exhibition Hall in Kathmandu on Tuesday.
The mega automotive event was inaugurated by Deputy Prime Minister and Minister for Finance Krishna Bahadur Mahara amid a ceremony.
Speaking at the program, Mahara said that the government was committed to promote automobile sector. “Automobile sector is one of the largest contributors to the government coffers,” he said, adding that the government was positive about development of transport sector.
On the occasion, NADA President Anjan Shrestha emphasized the need to reduce taxes on automobiles to increase people’s access to vehicles. He also said that government should stop treating automobiles as a luxury.
The six-day event has on display products of 16 four-wheeler brands, 15 two-wheeler brands and five brands of heavy commercial vehicles. Altogether 73 brands are showcasing their products and services through 125 different stalls.
Renowned brands like Datsun, Fiat, Ford, Honda, Hyundai, Kia, Mahindra, MG, Nissan, Renault, Skoda, Suzuki, Tata, Toyota, Volkswagen, Ssangyong, Ashok Leyland, Eicher, Escorts, TVS, UM, Vespa, and Royal Enfield, among others, are participating in the event.
Meanwhile, automobile dealers launched a number of vehicles in the first day of the auto show. While CG NextGen has launched Suzuki’s compact SUV Vitara Brezza, Yamaha lifted the wraps off Ray ZR scooter. Similarly, Honda has rolled out two motorbikes -- Navi and CBR 650F.
NADA officials say that many new models are being launched at the auto show.
The organizers are expecting 50,000 visitors in the six-day event. Similarly, automobile dealers are hopeful of striking deals worth around Rs 2 billion.