The largest automobile expo of the country is going to start on September 3.
NADA Automobile Expo-2014 is going to kick off from from September 3, president of Nepal Automobile Dealers’ Association (NADA) and vice president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Shekhar Golchha said, here today.
The annual expo organised in coordination with Global Exposition and Management Service is expected to bring new models and updated versions of the automobile under one roof, he said, adding that the five-day event will feature more than 100 stalls displaying various two-wheelers, four wheelers, and automobile products including spare parts, lubricants, tires, generators, garage equipment and batteries.
“The event will also update the automobile lovers about the new innovations, inventions and development in global automobile sector,” he added.
Organised annually at the Exhibition Hall in Kathmandu the 10th edition of the show will feature four-wheelers from 12 brands like Daihatsu, Fiat, Honda, Ford, KIA, Skoda, TATA, Toyota, Volkswagon, among others and motorbikes of 11 brands including Bajaj, Hero, KTM, Mahindra, Royal Enfield, TVS and Yamaha, among others,” Golchha said, adding that the expo is expected to witness a total sales around Rs 1 billion with a footfall of 50,000 footfalls.
The automobile penetration in Nepal is low compared to other countries, he added.
He opined that automobile sector will not grow until there is high penetration of automobiles in the country as Nepal offers a huge market with new highways being constructed across the country.
Currently, the automobile market is capital-centric and that vehicles are yet to reach different parts of the country.
The automobile industry is also one of the major contributors to national coffer but the government has discouraged the industry by levying high taxes on automobile imports,” said coordinator of the event Sambhu Prasad Dahal.
The auto show will also have stalls of different financial institutions that offer auto loan, he added.