Prices of the Made-in-Nepal Hyundai Venue Revealed

June 14, 2024

Laxmi Intercontinental Pvt. Ltd., the authorized distributor of Hyundai Motor Company in Nepal, has revealed the pricing for the locally manufactured Hyundai Venue. The Hyundai Venue will come in two variants - S and SX, priced at Rs 44,96,000 and Rs 53,56,000 respectively.

The prices of these two versions, initially imported from India, stood at Rs 48,96,000 and Rs 57,96,000 respectively. Now, there is approximately a Rs 4 lakh difference in the price of the locally manufactured Hyundai Venue in Nepal. The company asserts that its build, quality, performance, and other attributes match those of the same model manufactured by Hyundai Motor Company in Korea and India.

Established with investments from the Laxmi Group and technical collaboration with Hyundai Motor Company, Laxmi Motor Corporation recently initiated the manufacturing and distribution of Hyundai Venue in Nepal through its subsidiary, Laxmi Motor Corporation (LMC).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.

Initially, LMC plans to manufacture two variants of the Hyundai Venue and gradually expand its production to include additional variants. Within this fiscal year, production of the Hyundai Grand i10 Nios and the new Hyundai Creta will also commence.