MAW Group of Companies

What MAW Group of Companies does

MAW Group of Companies is Nepal's largest automobile and mobility conglomerate, founded in 1964 and headquartered in Kathmandu. The group operates as a multi-brand distribution platform holding exclusive Nepal distributorship rights for over 20 global brands across passenger vehicles (Skoda, Jeep, Changan, Deepal, SERES, NAMMI), commercial vehicles (Eicher via the BATAS MAW joint venture, Foton, Dongfeng, Sokon), two-wheelers (Yamaha), and heavy/industrial equipment (JCB, Ingersoll Rand, KONE, Trane, Puzzolana, Mettler Toledo, HP Lubricants). It also runs ancillary businesses including HP Lubricant distribution (MAW Petro Products), HVAC/industrial engineering (MAW Engineering), vocational training (MAW Skills Academy), and a CSR foundation.

The group's technology footprint centers on (1) Nepal's largest CCS2 EV fast-charging network (151 MAW CCS2 fast chargers, 100+ charging stations, 10+ EV service centers), (2) the Yamaha CKD (Completely Knocked Down) Assembly Plant operational since April 2023 that localizes two-wheeler manufacturing, and (3) a newly formed MAW Vriddhi Future Tech division distributing Unitree Robotics and AI solutions in Nepal from 2026. Hire purchase financing is provided through a NRB-licensed subsidiary (MAW Hire Purchase Pvt. Ltd.), which has cumulatively disbursed NPR 5.01 billion to 60,000+ customers while maintaining a 1.95% NPL ratio.

MAW's business model blends hardware distribution margins across 20+ brand portfolios with recurring after-sales service, financing interest income, lubricants/consumables, and emerging EV infrastructure revenue. The group reaches customers through exclusive showrooms (Yamaha Blue Square, Deepal, Foton, Skoda, Jeep, Eicher), a growing dealer network (new Yamaha dealers in Damauli, Butwal, Gorkha plus 7 in pipeline), institutional/government sales teams, and a CRM operation handling 2 lakh+ customer interactions and 91,832+ connected calls annually. Digital marketing generates 31,169+ leads per year, and segment exposure spans individual consumers, commercial fleet operators, construction companies, small businesses, and government institutions across all 7 provinces of Nepal.

Name

MAW Group of Companies

Legal name

MAW Group of Companies

Website

https://mawnepal.com

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Automotive Distribution

NAICS

Motor Vehicle Supplies and New Parts Merchant Wholesalers (42312), Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers (423810), Motor Vehicle Manufacturing (3361)

SIC

Wholesale-Motor Vehicle Supplies & New Parts (5013), Wholesale-Construction & Mining (No Petro) Machinery & Equip (5082), Motorcycles, Bicycles & Parts (3751), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Wholesale-Industrial Machinery & Equipment (5084)

akta.pro primary industry

Class 7–8 Heavy-Duty Truck & Tractor Manufacturing (IMACABAC)

akta.pro secondary industry

Class 4–6 Medium-Duty Truck Manufacturing (IMACABAB)

Keywords

• Automotive distribution
• Commercial vehicles
• Heavy equipment
• Electric vehicles
• Vehicle financing

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Vehicle Sales and Distribution: MAW Group generates primary revenue through the sale and distribution of vehicles across multiple segments including passenger EVs, commercial EVs, two-wheelers, commercial vehicles, and heavy equipment. Revenue comes from distributing globally recognized brands as sole authorized distributor.
2. Hire Purchase Financing: MAW Hire Purchase Pvt. Ltd. provides financing for two-wheelers, four-wheelers, commercial vehicles, heavy construction equipment, electric vehicles, and consumer electronics. The company disbursed over NPR 5.01 billion in loans to more than 60,000 customers with a low NPL ratio of 1.95%.
3. Engineering and Industrial Solutions: MAW Engineering provides HVAC solutions, generators, and industrial equipment through partnerships with Ingersoll Rand, Trane, and KONE Lifts. Revenue from equipment sales, installation, and after-sales service.
4. Lubricant Distribution: MAW Petro Products distributes HP-branded automotive and industrial lubricants along with bitumen across Nepal, generating revenue through product sales with one of the largest distribution networks in the country.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

MAW Group of Companies is the leading automobile conglomerate in Nepal, distributing vehicles, heavy equipment, lubricants, and related services as the sole authorized distributor for more than 20 global brands including Yamaha, JCB, Eicher, Foton, Changan, Skoda, Jeep, Deepal, SERES, and HP Lubricants. Its offerings span two-wheelers, passenger and commercial vehicles, EVs, construction equipment, industrial HVAC and compressors, and supporting hire purchase financing, EV charging infrastructure, and a Yamaha CKD assembly plant. The group sells primarily through exclusive brand showrooms and a nationwide dealer and service network within Nepal.

Differentiator

Problem solved

Functional benefit

Brands

• Deepal: Electric vehicle brand offering S05, S07, L07, E07, and Lumin models. Nepal's No. 1 luxury EV brand with 1,100+ customers.
• SERES
• NAMMI
• Foton
• Skoda
• Jeep
• Yamaha
• JCB

Products and services

• Yamaha Motorcycles & Scooters Yamaha motorcycles and scooters distributed in Nepal since 1996, including FZ-S FI Hybrid, MT-15 V2, and Rayzr 125-FI Hybrid models for individual commuters and enthusiasts.
• Yamaha CKD Assembly Local CKD assembly of Yamaha motorcycles in Nepal operated by MAW Auto Pvt. Ltd. since April 2023, with Road Worthiness Certification by DOTM and provisions for future line expansion.
• Deepal Electric Vehicles Deepal electric vehicles including S05, S07, S07 ICA, L07, LUMIN, and E07 Transformer X sold in Nepal; 1,100+ customers, with S05 ranked No. 1 in J.D. Power Quality Study.
• SERES Electric Vehicles SERES smart electric vehicles engineered for sustainability, innovation, and luxury with futuristic design, distributed in Nepal by MAW Vriddhi Motors.
• NAMMI Electric Vehicles NAMMI (Dongfeng) electric crossover SUVs available in E2 and E2+ variants; NAMMI VIGO E2+ awarded Best Value Car of 2025.
• Foton Commercial Vehicles Foton commercial vehicles for transport logistics in Nepal, including Tunland pickups (V7, V9, G7) and TM1 electric waste collection trucks, distributed by MAW Vriddhi Commercial Vehicles.
• Skoda Vehicles Skoda passenger vehicles in Nepal including Kushaq, Slavia, and Kylaq with turbocharged TSI petrol engines, distributed by MAW Expanze Pvt. Ltd.
• Jeep Vehicles Jeep vehicles including Compass and Wrangler distributed in Nepal by Life Automobile Pvt. Ltd. with adventure-focused community events.
• Eicher Commercial Vehicles Eicher commercial vehicles for Nepal's market including Majestic, Pro 5025H, Pro 5031 haulage, Terra 16 XP tippers, and heavy-duty buses, distributed by BATAS MAW Commercial Vehicles.
• JCB Construction Equipment JCB construction and heavy equipment including backhoe loaders, excavators, wheeled loaders, and telehandlers, distributed by MAW Earthmovers Pvt. Ltd. with nationwide service network.
• JCB Parts Genuine JCB replacement parts and components for maintenance and repair of JCB construction equipment, sold through MAW Earthmovers' parts warehouses.
• Changan Motors Changan Motors vehicles distributed by MAW Vriddhi in Nepal, including the Lumin EV mini car.
• Sokon Electric Vehicles Sokon electric commercial vehicles distributed in Nepal as part of MAW Vriddhi Motors' commercial EV portfolio.
• MAW Engineering HVAC Solutions MAW Engineering HVAC and industrial equipment solutions for hospitality, healthcare, and pharmaceutical sectors in Nepal, including Ingersoll Rand compressors and Trane products, with installation and after-sales service.
• MAW Hire Purchase Financial Services Hire purchase and financing services for two-wheelers, four-wheelers, commercial vehicles, heavy equipment, electric vehicles, and consumer electronics including 0% interest EMI for premium smartphones, licensed by Nepal Rastra Bank.
• HP Lubricants HP-branded automotive and industrial lubricants and bitumen distributed across Nepal by MAW Petro Products Pvt. Ltd. through one of the country's largest lubricant distribution networks.
• KONE Lifts KONE elevators and escalators for building transportation solutions distributed by MAW Engineering in Nepal.
• Puzzolana Crushing Equipment Puzzolana crushing and screening equipment for mining and construction applications distributed in Nepal.
• Trane HVAC Trane heating, ventilation, and air conditioning systems for commercial and industrial applications distributed by MAW Engineering.
• Ingersoll Rand Compressors Ingersoll Rand industrial compressors and air solutions distributed by MAW Engineering in Nepal.
• Mettler Toledo Weighing Solutions Mettler Toledo weighing and measurement solutions for industrial applications distributed in Nepal by MAW Group.
• MAW Vriddhi Future Tech - Unitree Robotics Unitree Robotics and AI solutions distributed in Nepal by MAW Vriddhi Future Tech, the group's robotics distribution arm established in 2026.
• Avatr Electric Vehicles Avatr luxury electric vehicles distributed in Nepal through MAW Vriddhi, including the Avatr 11 with 190kW motor, three-screen cockpit, panoramic moonroof, and 25-speaker audio system.
• Bass and Treble Audio MAW Music branded audio products and musical instruments distributed in Nepal.
• MAW Skills Academy Vocational education and skills training academy with CTEVT affiliation, offering short-term courses and residential training facilities at Janakpur for Nepali youth.

Quantifiable outcome

• 60,000+ customers served through hire purchase financing with NPR 5.01 billion disbursed
• +3 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

18 partnerships are on record, tiered emerging, core, flagship, secondary and minor.

• Unitree RoboticsemergingChannel Partner/ Reseller/ Distributor · 1 January 2026MAW Vriddhi Future Tech (division established in 2026) is Nepal's first and only authorized distributor of Unitree Robotics, bringing robotics and AI solutions to Nepal.
• JCBcoreChannel Partner/ Reseller/ Distributor · 1 January 2013MAW Earthmovers Pvt. Ltd. is sole authorized distributor of JCB Construction and Heavy Equipment in Nepal. Partnership has won JCB Dealer of the Year South Asia for 4 consecutive years (2023-2026).
• Yamaha Motor Co.flagshipChannel Partner/ Reseller/ Distributor · 1 January 1996MAW Group became sole distributor of Yamaha for Nepal in 1996. Partnership expanded with Yamaha CKD Assembly Plant (MAW Auto Pvt. Ltd.) established in 2023, enabling local assembly of Yamaha motorcycles. MAW Rides Pvt. Ltd. handles two-wheeler distribution.
• ChangancoreChannel Partner/ Reseller/ DistributorMAW Vriddhi Auto Corp. Pvt. Ltd. serves as official importer of Changan cars, distributing Deepal and SERES EV brands. NAMMI (under MAW Vriddhi Motors) distributes Dongfeng Nammi vehicles.
• Foton MotorcoreChannel Partner/ Reseller/ DistributorMaw Vriddhi Commercial Vehicles Pvt. Ltd. distributes Foton commercial vehicles including Tunland pickups and TM1 electric trucks. MAW Vriddhi honored with Pioneer in New Energy Promotion Award at Foton Global Partners Conference 2026.
• Volvo Eicher Commercial Vehicle (VECV)coreChannel Partner/ Reseller/ DistributorBATAS MAW Commercial Vehicles (joint venture between MAW Enterprise and Batas Organization formed mid-2023) is sole authorized distributor of Eicher in Nepal. Achieved 53% market share in September 2025.
• Skoda AutocoreChannel Partner/ Reseller/ DistributorMAW Expanze Pvt. Ltd. distributes Skoda vehicles in Nepal since 2008. Currently serving 2,000+ customers with Kushaq, Slavia, and upcoming Kylaq models.
• JeepcoreChannel Partner/ Reseller/ DistributorLife Automobile Pvt. Ltd. (under MAW Group) distributes Jeep vehicles in Nepal. Launched in 2018 with 100 Jeep Compass units delivered in first three months.
• Hindustan Petroleum (HP Lubricants)coreChannel Partner/ Reseller/ DistributorMAW Petro Products Pvt. Ltd. distributes HP-branded automotive and industrial lubricants along with bitumen since 2019. Honored with Performance Champion FY 2023-24 award.
• Ingersoll RandsecondaryChannel Partner/ Reseller/ DistributorMAW Engineering distributes Ingersoll Rand compressors and industrial equipment. Awarded 110% target achievement recognition at IR Channel Meet 2025 in Kochi.
• KONEsecondaryChannel Partner/ Reseller/ DistributorMAW Engineering distributes KONE lifts and elevator solutions in Nepal.
• TranesecondaryChannel Partner/ Reseller/ DistributorMAW Engineering provides Trane HVAC solutions for commercial and industrial applications.
• Mettler ToledosecondaryChannel Partner/ Reseller/ DistributorMAW Group distributes Mettler Toledo weighing and measurement equipment.
• Batas OrganizationcoreStrategic or Co-development PartnerJoint venture partnership forming BATAS MAW Commercial Vehicles in mid-2023 to become sole Eicher distributor in Nepal. Eicher had been present through Batas Group for over two decades prior.
• Inland Revenue Department (IRD)coreOthersGovernment body regulating hire purchase companies. MAW Hire Purchase is fully licensed by Nepal Rastra Bank (NRB) and recognized for tax compliance with Best Taxpayer awards.
• CTEVTsecondaryStrategic or Co-development PartnerCouncil of Technical and Education and Vocational Training - affiliation for MAW Skills Academy short-term courses.
• QFX CinemasminorGTM or Marketing PartnerMarketing partnership for MAW Quiz Corner and Scan & Win promotions - 25 winners receive 2 free movie tickets each.
• NADA (Nepal Automobile Dealers Association)coreGTM or Marketing PartnerAnnual auto shows where MAW brands showcase products. NAMMI achieved 700+ bookings at NADA 2024; Deepal won Best 4-Wheeler Stall at NADA 2025.

Scale indicators20 records

Recent moves2 records

Expansion highlights6 records

Broad incumbents

• Tata Motors Limited: Indian OEM and one of the principals represented in Nepal's market via Sipradi. Comparable as a counterparty/principal supplier whose distribution model and commercial-vehicle strategy directly shapes MAW's competitive landscape.
• Inchcape plc: Global multi-brand automotive distributor operating across dozens of markets. Comparable at a structural level to MAW's multi-brand distribution model, though at vastly larger scale and across many geographies.
• Bajaj Auto Limited: Indian two-wheeler and three-wheeler OEM with extensive Nepal distribution presence. Comparable as a global principal whose brand strategy and dealer economics directly affect Nepalese distributors like MAW.

Direct peers

• Pioneer Motorcycles Pvt. Ltd. Nepalese motorcycle and automotive distributor with multi-brand franchise model. Direct peer for MAW's two-wheeler distribution business and Yamaha-adjacent motorcycle market in Nepal.
• Continental Trading Nepal: Nepalese automotive distributor handling multiple vehicle brands. Comparable to MAW as a competing exclusive/importer-distributor operating showrooms and dealer networks across Nepal.
• Go Automobiles Nepal: Nepalese automotive distributor operating across multiple passenger and commercial vehicle brands. Directly comparable as a competing multi-brand distributor in the same geography.
• Sipradi Trading Pvt. Ltd. Nepal's largest multi-brand automotive distributor (Tata Motors, Ashok Leyland) and a direct competitor to MAW across commercial vehicles, passenger cars, and construction equipment. Highly comparable diversified distributor model within the same single-country market.
• Anadi Group Nepal: Nepalese diversified conglomerate with automotive distribution and related financial services. Comparable multi-vertical, multi-brand distribution model operating in the same single-country market.
• Hulas Motors Pvt. Ltd. Nepalese multi-brand automotive distributor representing Hero MotoCorp and other OEMs. Directly comparable business model as a multi-brand vehicle distributor serving the same Nepal customer base.

Emerging players

• Cholamandalam Investment and Finance Company: Indian NBFC with a strong vehicle and equipment finance book. Comparable to MAW Hire Purchase's hire-purchase auto financing model, including commercial vehicle and consumer durable loan underwriting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/mawnepal
• LinkedInlinkedin.com/company/morang-auto-works

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MAW Group of Companies