Two-Wheelers Import Data in Nepal- FY 2078/79 and FY 2079/90

December 11th 2022

3 mins read

Two-Wheelers Import Data in Nepal- FY 2078/79 and FY 2079/90

Kathmandu. Due to the ban on the import of two-wheelers above 150 cc, lack of liquidity in the market, and a sharp drop in demand, the import of motorcycles has decreased by 53.33%.

According to the data of the customs department, only 58 thousand 898 units of motorcycles and scooters were imported in the four months of the fiscal year 2079/80 (from July to the end of Kartik). During the same period of the previous year, 1 lakh 25 thousand 908 units of two-wheelers were imported.

With the import ban imposed by the Ministry of Industry, Commerce, and Supply, the way to import fully prepared motorcycles above 150 cc was closed. Because only Bajaj and TVS got the benefit of it, other brands have not been able to bring motorcycles above 150 cc to Nepal. During this period, Bajaj and TVS brought 19,724 units of unassembled motorcycles and scooters to Nepal.

Due to the low demand for motorcycles in the market and the ban on the import of new motorcycles, the amount spent on imports has also decreased by 52 percent. In the 4 months of the previous financial year, motorcycles and scooters worth 12 billion 2479 million 2 thousand rupees were imported. This year, only 5 billion 87 crores 79 lakh 2 thousand worth of imports have been imported.

S.N	Particular	FY 2078/79	FY 2079/80	Difference	DIfference %
1	Import units	125908	58898	-67010	-53.22%
2	Import value	12247902000	5877902000	-6370000000	-52%
3	Government Revenue	12407366000	6059646000	-6347720000	-51.16%

( Two-Wheelers Import Data in Nepal- FY 2078-79 and FY 2079-80 )

Due to the decline in import prices, the government has also lost revenue by 51.16 percent. In the four months of the current financial year, 6 billion 5 billion 96 lakh 46 thousand rupees have been collected at the customs point. Whereas in the first four months of the previous year, 12 billion 40 crores 73 lakh 66 thousand rupees were collected.

Businessmen say that due to the import ban imposed by the government and the decrease in market demand, the market is not improving yet. Even now, it is said that importers have a large stock of small CC motorcycles and scooters.

Credit: मोटरसाइकल र स्कुटर आयातमा भारी गिरावट, राजश्व ५१ प्रतिशत गुम्यो

However, the companies selling motorcycles above 150 cc have had to close their showrooms due to the complete import ban. In particular, brands like Royal Enfield, Jawa, Crossfire, BMW, and CF Mato have started from furloughing workers to closing showrooms to cut costs.

If we look at the data for the month of October only, the import of motorcycles above 250 cc is zero. Not only 250 cc, but the import figures of all motorcycles in the month of Kartik are very weak.