Hyundai Venue Production Begins in Nepal | Laxmi Group Partnership
By Rediff Money Desk, New Delhi May 13, 2024 15:24
Hyundai Motor India has commenced local assembly of its Venue SUV in Nepal, in partnership with Laxmi Group. This is Nepal's first automotive assembly facility.

New Delhi, May 13 (PTI) Hyundai Motor India on Monday said it has commenced local assembly of its compact SUV Venue in Nepal in collaboration with Laxmi Group.
The plant, the first automotive assembly facility in Nepal, has an annual installed capacity of 5,000 units.
"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," Hyundai Motor India MD & CEO Unsoo Kim said in a statement.
The company is grateful to Nepal Prime Minister Pushpa Kamal Dahal and the Government of Nepal for their unwavering support for the facility, he added. "We look forward to more encouraging policies and incentives from the Nepal Government aimed at developing a conducive environment for local assembly," Kim said.
Hyundai has partnered with Nepal-based Laxmi Group for the assembly plant. The Laxmi Group will manufacture and sell the cars in Nepal, in continued collaboration and support on products and technology from HMC Korea and Hyundai Motor India, the automaker stated.
The plant, the first automotive assembly facility in Nepal, has an annual installed capacity of 5,000 units.
"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," Hyundai Motor India MD & CEO Unsoo Kim said in a statement.
The company is grateful to Nepal Prime Minister Pushpa Kamal Dahal and the Government of Nepal for their unwavering support for the facility, he added. "We look forward to more encouraging policies and incentives from the Nepal Government aimed at developing a conducive environment for local assembly," Kim said.
Hyundai has partnered with Nepal-based Laxmi Group for the assembly plant. The Laxmi Group will manufacture and sell the cars in Nepal, in continued collaboration and support on products and technology from HMC Korea and Hyundai Motor India, the automaker stated.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.57 ( -9.52)
- 60265410
- Vodafone Idea L
- 8.27 (+ 0.73)
- 44071594
- YES Bank Ltd.
- 17.67 ( -0.56)
- 16081247
- G G Engineering
- 1.06 ( -4.50)
- 15019273
- Remedium Lifecare
- 3.97 (+ 4.75)
- 11827509
MORE NEWS

India-EU FTA Talks: Next Round in March
India and the EU will hold the next round of talks on the proposed free trade agreement...
ABB India Profit Surges 54% to Rs 532 Cr in Q4
ABB India reported a 54% jump in net profit to Rs 532 crore in the December quarter,...

Magellanic Cloud Targets Rs 600 Crore Revenue...
Magellanic Cloud, a Hyderabad-based IT services provider, aims to achieve Rs 600 crore...