Print Edition - 2015-07-08 | MONEY
5 zones account for 90pc of vehicle registrations
Jul 7, 2015-
The DoTM’s figures show that 89.19 percent of the registrations in the first 11 months of the current fiscal year were done in Bagmati, Narayani, Koshi, Lumbini and Gandaki zones.
According to DoTM Director Basanta Adhikari, there are two main reasons behind the increase in motor vehicle registrations in these five zones: One, they are the first port of call for imported vehicles entering Nepal from India and, two, these zones have high populations. “Most of the vehicles enter Nepal through Birgunj, Biratnagar and Bhairahawa which means they enter through Narayani, Koshi and Lumbini zones respectively. And they get registered at the zonal transportation offices there which is why the number is high,” said Adhikari. But the vehicles are re-registered at other zonal offices once they are shipped to those areas, he added.
While Narayani, Koshi and Lumbini zones show a high number of auto registrations because they are the major entry points for imported vehicles, the large number of registrations in Bagmati and Gandaki zones is due to their high demand and consumption.
Meanwhile, the current fiscal year has been a boom year for automobile traders with sales recording double-digit growth. New registrations in the first 11 months of the fiscal year reached an all-time high. According to the statistics of the DoTM, 218,360 automobiles were registered during the 11-month period, recording a year-on-year growth of 10 percent. The fiscal year 2012-13 saw 208,483 vehicles being registered in the country. Vehicle registrations crossed the 200,000 mark in 2009-10 when 201,787 automobiles were registered. According to government data, Kathmandu leads vehicle registration with 66,903 autos registered in the first 11 months followed by Narayani with 59,286 vehicles, Koshi with 30,741, Lumbini with 25,927 and Gandaki with 11,898 vehicles.The jump in motor vehicle sales has been attributed to growing purchasing power and increased remittance inflows. “Our economy is propped up by remittance, and since the inflow of remittance has been good, sales of automobiles have been great,” said Shekhar Golchha, president of the Nepal Automobile Dealers Association (Nada).
According to him, an increase in road accessibility is the other reason behind the surge in auto sales. The government has accorded high priority to expanding the country’s road infrastructure, and soaring remittance has encouraged people to buy cars for greater freedom of mobility. According to Adhikari, motor vehicle sales would have been even higher compared to previous fiscal years hadn’t it been for the earthquake on April 25. “Registrations of vehicles have fallen sharply after April 25,” said Adhikari.
The transportation office in Kathmandu, the busiest in the country, has witnessed a significant fall in registrations following the disaster, he added.
Published: 08-07-2015 08:01