Nepal Motorcycles Industry is moderately growing. In 2024 the market reported positive figures with sales increased at 167.764 (+4.6%) although in the last couple of years the government increased taxes.
Nepal’s economy is anticipated to grow by 4.9% in fiscal year (FY) 2025, up from an estimated growth of 3.9% in FY2024, says the latest edition of the Asian Development Bank’s (ADB) flagship economic publication.
Gross domestic product growth will pick up on a gradual recovery of domestic demand, acceleration of infrastructure spending, and further revitalization of tourism and related services.
With further recovery in domestic demand supported by the cautiously accommodative monetary policy, planned acceleration of capital budget, wholesale and retail trade, transportation and storage and real estate activities are expected to strengthen.
The motorcycle industry represents the primary individual mobility device. Indeed, 78% of circulating vehicles in Nepal are two wheelers. The most have a very heavy age, considering that annual new registered two-wheelers are in the range of 200k.
Together with the development of the country, under an economic profile, with expectations for pro-capita income increase, the motorcycles market is projected to a medium terms growth, even considering that the four wheelers are too expensive for people with one of lower income in ASIA.
In 2024 the market reported positive figures with sales increased at 167.764 (+4.6%) although in the last couple of years the government increased both duties on imported and tax on local manufactured models.
The current taxation system is not particularly favorable to electric vehicles although several Chinese OEMs started operating in the country.
The market is a feud for Indian manufacturers, with Bajaj Auto acting as leader, but with all top Indian manufacturers on top of the rank, together with Honda and Yamaha.
