According to the registration data received from the Department of Transport Management (DoTM), registration of vehicles in Bagmati zone in August-September is lower by 1,146 units than the registration in July-August. [break]
In July-August, 4,761 units of bikes were registered in Bagmati zone alone whereas in August-September, 3,615 units were registered.
According to the dealers, the automobile market is going through recession for a year now and has shown no signs of picking up. Bagmati zone registers the highest number of automobiles compared to any other zones every month.
“Because this is a festive season, sale is better in September-October. But in comparison to the sale in same period of previous years, it is still low,” said Saurabh Jyoti, president of NADA.
Even though Nepal Automobile Dealers´ Association (NADA) tried to decrease the duty charged on bikes, the government did not decrease the 80 percent tax it levies on two-wheelers.
The government collected registration fees to the tune of Rs 111,942,151 in July-August and Rs 89,163,807 in August-September.
“Sales during the current fiscal year is still 20 percent lower than it was last year,” said Jyoti.
The festive offers provided by major players in two-wheelers market like Honda, Hero Honda, Bajaj and Yamaha will be valid till the end of October.
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