Chaudhary Praises Auto Sector Budget: NADA President on Nepal’s FY 2082/83 Policies
31st May 2025, Kathmandu
The recently announced federal budget for the fiscal year 2082/83 has drawn praise from the NADA Automobiles Association of Nepal. Its President, Karan Chaudhary, has described the budget as positive, practical, and encouraging for the auto industry.
Chaudhary Praises Auto Sector Budget
Speaking at a post-budget discussion program organized by Nepal Economic Journalists’ Association (NAFIJ), Chaudhary highlighted several provisions that show the government’s renewed interest in revitalizing the auto sector. He also said the budget represents a break from the past, where the automobile industry was often overlooked.
Budget Signals Positive Shift
President Chaudhary began his remarks by stating that the budget finally recognizes the contribution of the auto industry to Nepal’s economy. In his words, “This year’s budget is different. It acknowledges that our sector plays a key role in revenue generation and employment.”
According to him, the auto industry has long been misunderstood. It was often seen as a luxury-driven sector that added little value. However, the budget for 2082/83 challenges this notion. It includes policies aimed at making the automobile industry more dynamic, competitive, and aligned with national growth goals.
Auto Industry Welcomes Policy Direction
Chaudhary said the industry has felt renewed energy after reviewing the budget. “The government’s message is clear—it wants to support our sector. The budget reflects this intent,” he noted.
He added that the new budget policies are designed to mobilize the auto market, stimulate business, and ease operational burdens. These measures have sparked optimism among auto dealers and importers who have struggled due to economic slowdown and import restrictions in recent years.
Clear Break From Past Neglect
For many years, stakeholders in the auto industry complained that government policies were either indifferent or restrictive. Chaudhary believes that the latest budget has broken that pattern. He said the narrative that “the auto industry has done nothing for the country” has finally been addressed.
“This budget changes the old mindset. It shows that the government now sees our value,” he explained.
He stressed that the policies announced this year will have long-term positive effects, provided they are implemented effectively.
No Major Criticism From Industry
In his speech, Chaudhary said the budget leaves little room for criticism from the private sector. “There’s nothing in the budget that calls for strong opposition. On the contrary, it gives us hope,” he remarked.
He also said the government had avoided unrealistic commitments this time. The budget appears more practical and grounded, something the private sector had been demanding for a long time.
Government Support Needed For Sustainability
While the budget is encouraging, Chaudhary emphasized the need for continued government cooperation. He called for follow-through actions such as tax clarity, simplified vehicle import processes, and promotion of electric vehicles.
He urged policymakers to engage in regular dialogue with stakeholders during the budget’s implementation phase. This, he said, would ensure that the positive provisions of the budget translate into meaningful outcomes on the ground.
Future Of Green Mobility
Chaudhary also touched upon the potential of electric vehicles (EVs) in transforming Nepal’s transportation sector. He said the budget lays the foundation for growth in this area, but stressed that infrastructure and policy clarity must follow.
“The future is electric. But without charging stations, road infrastructure, and EV-friendly policies, we won’t get far,” he noted.
He also urged the government to work with associations like NADA to ensure that green mobility targets are met in a balanced and market-driven manner.
A Turning Point For The Auto Industry
According to Chaudhary, this year’s budget could become a turning point for the automobile sector. If policies are applied properly, the sector can expand, create jobs, and become a pillar of national revenue.
“The auto sector doesn’t just sell vehicles. We create employment, we contribute taxes, and we help build the economy,” he explained.
He added that this new budget sends a positive message to local entrepreneurs and global investors, both of whom are vital for Nepal’s economic future.
Final Thoughts
In conclusion, Chaudhary said the government has taken a bold and welcome step. The budget recognizes the need to empower industries that have long been sidelined. For the automobile sector, this is a new beginning.
While there are challenges ahead, the tone of this year’s budget is optimistic. It aligns with the demands of the private sector and sets the stage for growth.
He assured that NADA and its members will continue working closely with the government to support economic stability, promote sustainable mobility, and create opportunities for the youth.
Summary
Nepal’s budget for FY 2082/83 has been well received by the automobile industry. NADA President Karan Chaudhary has welcomed the government’s supportive stance. He called the budget balanced, forward-looking, and industry-friendly. With the right implementation, Nepal’s auto sector could now enter a phase of revival and sustainable expansion.
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