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  • Comment: 1 - No citations whatsoever. Can't verify anything.
    2 - Reads like an essay and fails WP:NOT. Sounds like it was partially written by a WP:LLM as well.
    3 - I decided that a WP:TNT is needed for the draft to even get close to passing, so I am rejecting this draft. Help about writing your first article may be found at WP:TEAHOUSE. Thank you. ABG (Talk/Report any mistakes here) 12:03, 21 October 2024 (UTC)

Wheels in Motion: Exploring Challenges and Opportunities in Motorsports Management in Nepal

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ABSTRACT: Nepal offers diverse landscapes, including plains, hills, and the Himalayas, ideal for motorsports activities such as motorcycle racing, four-wheel events, and karting. These terrains provide exciting opportunities for motorsports tourism. Despite Nepal's potential, professionalism in motorsports event management remains crucial. The article identifies challenges and opportunities, providing valuable insights for stakeholders. Primary data was collected from motorsports professionals and clubs, revealing the key issues facing the industry.

The research outlines major challenges such as financial insecurity for players, limited sponsorship, and the absence of automobile manufacturers in Nepal. Nevertheless, collaborations with sponsors and government investments in infrastructure, like racetracks, enhance prospects for motorsports in Nepal. The findings highlight that motorsports in Nepal can grow substantially if financial obstacles are addressed, allowing for more global recognition.

KEYWORDS: Budgeting, Challenges, Directing, Ensuring profitability, FIA, FIM, Management, Motorsports, Nepal Automobiles Association.


INTRODUCTION:

Nepal has made notable progress in motorsports despite significant challenges such as the high cost of equipment, safety risks, and lack of infrastructure. This article explores these challenges and identifies the opportunities in motorsports management, focusing on financial constraints, regulatory roles, and stakeholder recommendations for the sustainable growth of motorsports in Nepal.

Objective of the Study:

  1. Identify key challenges in motorsports management in Nepal, including financial and infrastructural issues.
  2. Explore opportunities for growth, particularly motorsports tourism.
  3. Analyze the role of regulatory bodies like NASA in developing the motorsports industry.
  4. Provide recommendations for overcoming challenges and promoting the industry's growth.

Survey Findings:

Primary data gathered from clubs and professionals outlined six segments of motorsports with business potential, such as motor touring rallies and dirt racing. Despite moderate potential for events like motor racing, infrastructural deficiencies remain a significant challenge. A lack of proper tracks and financial backing continues to hinder the sport's growth.


Challenges Facing Motorsports Management in Nepal:

  1. Nature of the Country: Nepal’s agricultural base and limited technical infrastructure pose difficulties for developing motorsports.
  2. Academic Pathway: Motorsports-related academic courses are virtually non-existent in Nepal.
  3. Perceptions of Policymakers: Negative perceptions of motorsports as a high-risk activity hinder policy development and insurance coverage.
  4. Restrictions on Vehicle Modifications: Limitations on vehicle modifications affect user participation in motorsports.
  5. Lack of Event Commercialization: Motorsports events lack proper commercial backing and sponsorship.
  6. Technical Centers: Nepal lacks training and certification centers for motorsports professionals.
  7. Youth Migration: Political instability and youth migration present challenges for cultivating motorsports talent.

Opportunities in Motorsports Management in Nepal:

  1. Nepal’s diverse and scenic landscapes provide a unique opportunity for motorsports tourism.
  2. Public interest in motorsports has grown, highlighting potential revenue generation through event ticket sales.
  3. Federation support from NASA and FIA enhances the development of motorsports.
  4. Nepal’s affordability and hospitality make it an attractive destination for international participants.

Conclusion:

Nepal's motorsports scene holds significant potential, but financial challenges and limited sponsorship must be addressed to fully realize this potential. Government and stakeholder collaboration is necessary to support the sport’s growth and contribute to Nepal's tourism and economic development.


Recommendations:

  1. Enhance Financial Support: Develop partnerships and explore sponsorship opportunities.
  2. Infrastructure Development: Invest in proper tracks and training facilities.
  3. Improved Management Practices: Establish robust management structures for event organization.
  4. Promotion and Awareness: Raise awareness about motorsports' tourism potential through marketing campaigns.