Hyundai India and Laxmi Group announced the commencement of the local assembly of Hyundai Venue in Nepal. The country’s first automobile assembly plant was inaugurated by Pushpa Kamal Dahal, the Prime Minister of Nepal, and Tae-Young Park, Ambassador of the Republic of Korea, in Nepal on May 10, 2024.
Commenting on the commencement of assembly, Unsoo Kim, MD & CEO – Hyundai Motor India Limited said, “This plant in Nepal has an installed capacity of assembling 5,000 units annually, and Hyundai VENUE will be the first locally assembled model to roll off the plant. I would like to convey my sincere congratulations to the people of Nepal for this achievement!”
Kim added, “We are immensely grateful to the Hon’ble Prime Minister Shri. Pushpa Kamal Dahal and the Government of Nepal for their unwavering support. We look forward to more encouraging policies and incentives from the Nepal Government aimed at developing a conducive environment for local assembly.”
While Laxmi Group will make and sell Hyundai cars in Nepal, customers can be assured of continued satisfaction and customer experience, with continued collaboration and support on products, technology and quality projects from HMC Korea and Hyundai Motor India.
Hyundai Motor and Laxmi Group’s industry-first vehicle assembly plant in the country will pave the way for promoting localization and employment generation.
