Key Market Indicators
Nepal's vehicle registration is projected to hit 34,000 units by 2028, up from approximately 27,000 units in 2023. This marks an annual growth rate of 3.8%. Since 2010, the Nepalese market has experienced an average annual growth of 5.1%. In 2023, Nepal ranked 75th globally in vehicle registrations, with Serbia surpassing it at the same figure of 27,000 units. Leading the rankings, Canada, China, and Austria secured the second, third, and fourth spots respectively.
