The first commercial vehicle manufacturer in Nepal, Hulas Motors Pvt. Ltd. has shut down the manufacturing of its vehicles from Sunday.
Organising a press conference here on Sunday, the company confirmed the shutdown of manufacturing of its whole diesel operated vehicles.
Company’s Managing Director Surendra Golchha informed that the company reached to the decision after not getting enough time to standardize of Euro-3 Standard.
He said that they are forced to close the assembling of the vehicles after government did not pay regard to their appeal of developing the term of authorization of the procurement by a year.
During a press conference MD Golchha claimed that their vehicles were the best suited for the Nepali roads and geography compare to the imported vehicles.
With the closure of the production, more than 200 employees have ended up jobless.
Former Prime Minister Baburam Bhattrai had used brand of Mustang Max vehicle fabricated by the company while he was in office.Follow @gorkhapost