The Rise and Fall of Hulas Motors - Nepal Government Mistake?
Hulas Motors, a Nepalese company known for its Mustang Max off-road vehicle, faced challenges leading to its closure in 2013. Government policies, removal of tax discounts, and Euro 3 emission standards contributed to the shutdown in 2071 B.S. Despite efforts with the Bravo model, the company ceased vehicle production, impacting over 200 employees. The video emphasizes the need for supportive government policies to revive the domestic automobile industry in Nepal.
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