Nepal's Reconditioned Auto Sector Calls for State Support and Policy Reforms

Businessmen in Nepal's reconditioned auto sector have voiced their concerns about the lack of state awareness regarding their challenges, such as banks' reluctance to invest in reconditioned and electric vehicles.

At a press conference in Kathmandu, the Nepal Reconditioning Auto Business Association, led by President Ramesh Prasad Koirala, highlighted the need to embrace modern technologies to stay competitive and expand into new markets.

Legal adviser Rudra Dhungel emphasized the necessity of a clear loan investment policy for second-hand vehicles, which could help reduce youth migration by creating jobs and increasing tax revenue.

The association, established in 2016, currently has 144 members and plans to expand its provincial organizations across Nepal.