Hyundai and Laxmi Group partner to start producing venues in Nepal

Hyundai and Laxmi Group partner to start producing venues in Nepal

The factory has an established capacity of 5,000 units annually and is the first automobile assembly facility in Nepal.

The factory has an established capacity of 5,000 units annually and is the first automobile assembly facility in Nepal.

In partnership with Laxmi Group, Hyundai Motor India announced on Monday that local production of its small SUV, Venue, has begun in Nepal. May 13, New Delhi In partnership with Laxmi Group, Hyundai Motor India announced on Monday that local production of its small SUV, Venue, has begun in Nepal.

The factory has an established capacity of 5,000 units annually and is the first automobile assembly facility in Nepal.

"The first domestically produced vehicle to leave the factory will be the Hyundai Venue. Hyundai Motor India MD & CEO Unsoo Kim stated in a statement, "I would like to convey heartfelt congratulations to the people of Nepal for this achievement."

"The first domestically produced vehicle to leave the factory will be the Hyundai Venue. Hyundai Motor India MD & CEO Unsoo Kim stated in a statement, "I would like to convey my sincere congratulations towards the people of Nepal for this achievement." He said, "The company expresses its gratitude to the Government of Nepal and Prime Minister Pushpa Kamal Dahal for their consistent support of the facility."

"We anticipate further encouraging policies and incentives from the Nepali government to foster the growth of a local assembly-friendly atmosphere," Kim said. For the assembly factory, Hyundai has teamed up with the Laxmi Group, located in Nepal.

According to the manufacturer, the Laxmi Group will continue to work with HMC Korea and Hyundai Motor India on goods and technology, and will produce and market the vehicles in Nepal. For the assembly factory, Hyundai has teamed up with the Laxmi Group, located in Nepal.