Hyundai ties up with Laxmi Group to commence Venue production in Nepal

Hyundai Motor India has started local assembly of the Venue compact SUV in Nepal through a partnership with Laxmi Group. The plant, Nepal's first automotive assembly facility, has an annual capacity of 5,000 units. Hyundai's CEO praised Nepal for this milestone, thanking the government for their support and expressing hopes for further policies to boost local assembly efforts.