iCaur V23 Gets Pricier in Nepal, Now at Rs 53.99 Lakh After Budget Shift
The iCaur V23 has received another price revision in the Nepali market, with the latest update pushing its price to Rs 53.99 lakh. This marks an increase from the earlier Rs 50.99 lakh recorded in April 2026.
The model was initially introduced at a limited introductory price of Rs 47.99 lakh in December 2025, before moving to its official pricing earlier this year.
Since then, it has undergone multiple revisions reflecting changing import cost structures and tax adjustments in the EV segment.
The latest price hike is attributed to the recent outcomes of the national budget and the import rate fluctuations. While the government has removed excise duty on electric vehicles, the benefit has been effectively offset by the introduction of a 20 percent customs duty along with the Clean Infrastructure Investment Tax, which has impacted overall cost for importers.
The iCaur V23 continues to be offered in a rear-wheel-drive (RWD) configuration powered by a single electric motor producing 100 kW (134 hp) and 180 Nm of torque, positioning it as a balance between daily usability and light off-road capability.
It is equipped with a 59.93 kWh lithium iron phosphate (LFP) battery supplied by CATL, delivering a CLTC-certified range of up to 401 km on a single charge. The SUV also supports DC fast charging of up to 85 kW, enhancing practicality for longer intercity travel.
