NADA hails budget for 2019/20
"The policymakers are familiar with the challenges in Nepal’s market and announced the budget nearly in accordance with NADA's requirement"
Shambhu Dahal, president of Nepal Automobile Dealers Association (NADA) welcomed the new budget for the year 2019/20. He stated that the policies brought by the government are completely satisfactory to their automobile industry. He said that the policymakers are familiar with the challenges in Nepal’s market and announced the budget nearly in accordance with their requirement.
“In our latest budget, the Government has allocated a huge sum of Rs. 1.53 billion for E-vehicles. With the increase in pollution caused by fuel-consuming vehicles, the Government’s plan to go green with the use of electric vehicles can be one of the landmark decisions by the government,” he stated. The whole of Europe and China has already gone electronic and India’s plan to go completely green with the use of only electronic vehicles from 2025 seems to have a huge impact. However, the budget approved does not clearly state whether the money is allocated for public transportation or for private companies too.
Prafulla Chandra Das, Chairman of Hulas Motors and Tarun Bajracharya, MD of Niu Scooters also pointed out the unclear provisions set by the government in the context of budget allocation for electric vehicles.
Debashish S Neupane
