Kathmandu. A team led by NADA President Surendra Kumar Upreti held a meeting with Revenue Secretary at the Ministry of Finance, Bhupal Baral, and discussed the problems of Nepal’s automobile sector. During the meeting, Chairman Uprety said that some policies and regulations need to be changed to make Nepal’s automobile sector dynamic.

Chairman Uprety said that although some automobile products are being manufactured in the country, the government does not have the equipment to measure their quality.

During the discussion with automobile representatives, Revenue Secretary Bhupal Baral said that the suggestions received from NADA are implementable and he is also aware of these problems.

On this occasion, Chairman Upreti said that the CKD He said that the government should encourage the establishment of such industries and there should be a provision of discount on the import of raw materials required for such industries.

During the discussion, Karan Chaudhary, the outgoing president of NADA, said that it is very important to increase the loan-to-value ratio and if this ratio is increased, the sales of vehicles will also increase, it will not only increase employment but also increase the revenue of the government.

On the occasion, NADA Special Advisor Rajan Babu Shrestha said that the government has been classifying vehicles as luxury items saying that the expansion of the automobile industry will increase revenue and employment. In this connection, NADA advisor Shrestha said that the reduction in GST in India has increased the smuggling and smuggling has increased. In this context, Shrestha also urged the government to keep the automobile industry in top priority, saying time has come to adjust the tariff.

In the same discussion, NADA General Secretary Milan Babu Malla said that NADA is ready to collaborate with the government in the context of some questions raised regarding the measurement of peak power of electric vehicles imported into Nepal. NADA Vice-President Bikram Singhania and Secretary Meghraj Poudel were also present in the meeting.