Second-hand bike sale increases

The sale of second hand motorcycles and scooters has increased in the market since last two months. 

The import and sale of new motorcycles/scooters (other than electric) has decreased due to the liquidity crisis in the financial system and the government's policy of restricting imports. Due to the policy taken by the Nepal Rastra Bank to preserve the foreign exchange reserves, the import of motorcycles/scooters has decreased as the banks have not been able to invest enough in the automobile sector. Since July, the government has stopped the import of two wheelers above 150 cc. Due to these reasons, the demand for reconditioned bikes has increased in the market.

In the current financial year, the import of petroleum-powered motorcycles/scooters has decreased by 20.34 percent. Automobile businessmen say that the import has decreased after the government decided to keep a cash margin to discourage the import of vehicles.