Nepal, May 23 -- Karan Chaudhary, president of NADA Automobiles Association of Nepal, led a delegation that met newly appointed Nepal Rastra Bank (NRB) Governor Dr Bishwa Nath Paudel.

During Friday's meeting, the NADA delegation discussed key issues concerning Nepal's monetary policy and the automobile sector with Governor Dr. Bishwanath Paudel. President Karan Chaudhary presented five major recommendations to improve the overall condition of Nepal's automobile industry.

In a press release, NADA stated that the discussion focused on the lack of financial access, practical hurdles in obtaining loans for electric and premium vehicles, inconsistencies in loan policies, and the need for regulatory reforms to ensure a fair financial system....