Nepal imported automobiles worth around Rs 22 billion in first two months of current FY

Published On: September 29, 2021 07:25 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Sept 29: Nepal imported automobiles worth Rs 21.84 billion in the first two months of the current fiscal year, mainly with an increasing purchase of electric vehicles.

The records with the Department of Customs (DoC) show that vehicles worth more than Rs 11 billion were imported just in the Nepali month of Bhadra (mid-August to mid-September). In the previous month, the imports stood at Rs 10.14 billion.

According to the DoC, there was a massive import of electric vehicles in the past two months after the government through the budget announced tax benefits for such vehicles. Nepal imported 143 units of the low emission vehicles during the review period. In the entire period last fiscal year, the country imported 131 units of electric vehicles.

This year, the government has allocated Rs 1.76 billion to purchase vehicles for government offices. The amount is twice the amount allocated under the heading in the budget of the last fiscal year. According to the officials of the Ministry of Finance, the government has also targeted to switch to electric vehicles from petrol and diesel based vehicles.  


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