Automotive Market in Nepal
The automotive market in Nepal has been growing steadily over the years. In 2021, the sector saw the arrival of eight new brands. They are Proton, GWM, Citroen, Chery, Changan, Super Soco, SYM, and Keeway Motorcycles.
It is worth noting that the Passenger Cars market in Nepal is projected to generate a revenue of US$137.0m in 2024, with an expected annual growth rate of 11.78%. It will reach 6.32k vehicles in 2028.
Popular Car Brands
Some popular car brands in Nepal include Suzuki, Hyundai, Tata, Honda, Mahindra, Kia, and Toyota. According to NepalDrive, the most popular cars in Nepal as of January 2024 are:
Suzuki Alto
Suzuki S-Presso
Suzuki Wagon R
Suzuki Celerio
Suzuki Celerio X
Suzuki Swift
Suzuki Dzire
Suzuki Ignis
Hyundai Venue
Hyundai Creta
Auto Shows in Nepal
There are several auto shows in Nepal. The NADA Auto Show is the biggest one of all. The 15th edition of the show was held in September 2023 at Bhrikuti Mandap Exhibition Hall in Kathmandu. The event showcased 16 four-wheeler brands, 22 two-wheeler brands, seven commercial vehicle brands, and 30 financial institutions, spare parts, and accessories stalls, attracting over 75,000 visitors.
Nepal’s passenger car market is witnessing a surge in demand. According to Statista, the market is expected to experience a compound annual growth rate (CAGR 2024-2028) of 11.78%, resulting in a projected market volume of US$213.9m by 2028.
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