L.H. Services and Spare Parts Pvt. Ltd. has been appointed as the authorized distributor of Hankook Tire for Nepal. LHSS is a subsidiary of the well-known Laxmi Group. It was established in 2018 expanding on company’s vision to be a “one stop solution for all of the consumer’s mobility needs”. The company houses globally leading brands of automotive components and accessories and is currently engaged in battery, lubricant, and tire business.
Hankook is the globally leading tire manufacturing brand from South Korea. The company is the 7th largest tire selling brands in the world with a strong presence in PCR, LTR, SUV and TBR segment. In the PCR series, the company has Ventus, Kynergy and Optimo series wherein Ventus is the high performing series with Kynergy being the price competitive tire series. In the LTR series, the company has Dynapro for the economic series with Ventus remaining in the premium series.
According to the company, Hankook tires assure high fuel efficiency, low shock and noise, better traction and higher tire life. LHSS is currently importing the Hankook tires from two of its factories based in Indonesia and Korea. Hankook has been in Nepal for last few years, but in 2018 the company joined hands with Laxmi Group as the brand seeks to promote its products more aggressively in the Nepalese Market.
Laxmi Group is a well-established Manufacturing and Trading House with various companies under its name. In order to create a distinct identity in the automobile sector, it started the Automotive Division several years ago and now consists of Laxmi InterContinental Pvt. Ltd. (ISO 9001:2015 Certified Company), Laxmi Premium Motor Pvt. Ltd. and Goldfish International Pvt. Ltd. It has also added Laxmi Tire Tread Pvt. Ltd and Laxmi Lube Oil Pvt. Ltd. along with L.H. Services and Spare Parts Pvt. Ltd. for the automotive component business.