Hyundai Commence Venue SUV Assembly In Nepal’s First Car Plant (Press Release) | V3Cars

15 May 2024
By Nikil Jonathan
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In a major development for Nepal's auto industry, Hyundai Motor India (HMIL) partnered with Laxmi Group to begin local assembly of the popular Venue SUV. This marks the first-ever car assembly plant in Nepal, inaugurated on May 10, 2024, by the country's Prime Minister and the Korean Ambassador.

The plant boasts an annual capacity of 5,000 units, with the Venue being the first car to roll off the assembly line. Hyundai India's CEO, Mr. Unsoo Kim, congratulated Nepal and expressed gratitude to the government for its support. He also highlighted the hope for further policies that encourage local car assembly.

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Here’s what Hyundai have to say about the assembly of Venue SUVs in Nepal's First Car Plant:

Hyundai Motor India Limited (HMIL) and Laxmi Group announced commencement of local assembly of Hyundai VENUE in Nepal. The country’s first automobile assembly plant was inaugurated by Shri. Pushpa Kamal Dahal, the Hon’ble Prime Minister of Nepal, and Mr. Tae-Young Park, Ambassador of the Republic of Korea, in Nepal on May 10, 2024.

Commenting on commencement of assembly, Mr. 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!

Mr. 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.

The commencement of this plant has been possible with the able support of Laxmi Group, local partners, and the essential support from Hyundai Motor Company (HMC), Korea, along with Hyundai Motor India Limited, contributing their expertise in terms of advance technology and transfer of skills. As a result, 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.

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ABOUT THE AUTHOR

Nikil Jonathan

Nikil's a huge fan of classic cars, especially Italian beauties such as the Alfa Romeo Giulia Sprint and the Iso Grifo. His love for cars and bikes originated when he first laid his eyes on a poster of the Ferrari F40 and the MV Agusta F4 when he was just a child. He also loves all things analogue, especially vintage cameras and turntables.

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