Hyundai Nepal Creates History: Inaugurates Hyundai Motor Assembly Plant and Launches Locally Manufactured Venue

Laxmi Motor Corporation (LMC), a subsidiary of Laxmi Group and the parent company of Laxmi Intercontinental Pvt. Ltd., which serves as the authorized distributor of Hyundai vehicles in Nepal, has marked a significant milestone with the inauguration of the Hyundai Motor Assembly Plant in Ramgram, Parasi.The event was attended by esteemed guests including Rt. Hon’ble Prime Minister Mr. Pushpa Kamal Dahal, Hon’ble Chief Minister of Lumbini Pradesh Mr. Jokh Bahadur Mahara, His Excellency Ambassador of South Korea Park Tae Young, Managing Director and Chief Executive Officer from Hyundai Motor India Ltd., Mr. Unsoo Kim, and other dignitaries from local authorities.Covering an impressive area of 65,000 square meters, with a substantial built-up space of 14,000 square meters, the LMC Hyundai Motor Assembly Plant serves as a significant investment in Nepal's automotive sector. Boasting an annual capacity of 5,000 units per shift, this facility is poised to redefine Hyundai vehicle production across the nation, adhering strictly to Hyundai Motor Company's (HMC) standards.LMC undertook the establishment of the factory under the technical guidance of HMC, ensuring that each vehicle manufactured upholds the highest standards of performance, safety, and reliability. The commitment of LMC to excellence is evident in its use of imported Completely Knocked Down (CKD) parts, meticulously assembled within the state-of-the-art facility.

During the formal inauguration ceremony, Rt. Hon’ble Prime Minister Mr. Pushpa Kamal Dahal highlighted the significance of how Hyundai Nepal has contributed to Nepal's outstanding progress in the automobile industrialization sector, which has led to a surge in employment opportunities for all Nepali citizens, fostering widespread economic growth and prosperity. Expressing confidence that the establishment of this new industry will attract more domestic and foreign investors in the industrial sector of Nepal,

Managing Director and Chief Executive Officer of Hyundai Motor India Ltd., Mr. Unsoo Kim expressed his enthusiasm for the new Hyundai Motor Assembly Plant in Nepal located at Ramgram, Parasi, highlighting the impact of advanced technology and skill transfer on customer satisfaction.

The inauguration ceremony was followed by a plant tour where the event marked a significant milestone in the automotive industry of Nepal and witnessed the historic roll-out of the first ‘Made-in-Nepal Hyundai Venue'. With this, LMC has already started the production work on Hyundai Venue, focusing on its compact SUV segment, a successful model’s assembly and manufacturing. The plant will be assembling various other models of Hyundai vehicles.

Currently, Laxmi Intercontinental has a distinctive market reach with 16 showrooms of Hyundai cars, 19 service centers, and 45+ charging points across Nepal. So, to guarantee customer satisfaction, with its sister concern, LMC, Laxmi Intercontinental is planning to grow its network more in tier 2, and tier 3 markets soon.