In a milestone development, Hyundai Motor India Limited (HMIL) and Laxmi Group have announced the commencement of local assembly of the Hyundai Venue in Nepal. The neighbouring country’s first-ever automobile assembly plant was inauguratred by Shri. Pushpa Kamal Dahal, Hon’ble Prime Minister of Nepal, and Mr. Tae-Young Park, Ambassador of the Republic of Korea, in Nepal.
Technical Support and Knowledge Transfer by Hyundai Motor India Ltd
The establishment of the assembly plant has been made possible through support from Hyundai Motor Company, South Korea and the assistance of local partner Laxmi Group. Meanwhile, Hyundai Motor India Limited lends its expertise in technology and skills transfer. Laxmi Group will be now in charge of the manufacturing and marketing of Hyundai cars in Nepal, with the Venue becoming the first car to roll out of the new assembly plant. This new assembly plant, which is a result of a joint venture between Hyundai Motor and Laxmi Group, promises to bolster localization efforts. Of course, it even creates new employment opportunities in Nepal.
Hyundai Venue Nepal – Price & Specs
Currently, the Hyundai Venue is available at a starting price of NPR 4,096,000 (INR 2,560,622). The top-spec S(O) DCT Turbo version costs a whopping NPR 5,896,000 (INR 3,685,895). To put things in perspective, the India-spec version costs INR 7.94 – 13.48 Lakh. Moreover, unlike the Indian version, which gets a 1.5-litre turbo-Diesel option, the Nepalese iteration is a petrol-only vehicle. That said, the buyers get to choose from a 1.2-litre naturally-aspirated and a 1.0-litre turbocharged unit.
| Hyundai Venue Variant | Engine Capacity | Fuel Type | Price |
| E 1.2 2023 | 1197cc | Petrol | 4,096,000 |
| E Loaded 2023 | 1197cc | Petrol | 4,156,000 |
| S 1.2 2023 | 1197cc | Petrol | 4,796,000 |
| SX 1.2 2023 | 1197cc | Petrol | 5,696,000 |
| S(O) DCT 2023 | 998cc | Petrol | 5,796,000 |
| E 1.2 2024 | 1197cc | Petrol | 4,196,000 |
| E Loaded 2024 | 1197cc | Petrol | 4,256,000 |
| S 1.2 2024 | 1197cc | Petrol | 4,896,000 |
| SX 1.2 2024 | 1197cc | Petrol | 5,796,000 |
| S(O) DCT 2024 | 998cc | Petrol | 5,896,000 |
Commenting on commencement of assembly, Mr. Unsoo Kim, MD & CEO – Hyundai Motor India Limited said, “This plant in Nepal has an installed capacity of assembling 5 000 units annually, and 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!”
Mr. Kim added, “We are immensely grateful to the Hon’ble Prime Minister Shri. Pushpa Kamal Dahal and the Government of Nepal for their unwavering support. We look forward to more encouraging policies and incentives from the Nepal Government aimed at developing a conducive environment for local assembly.”
Also Read: New Mahindra XUV 3XO vs Hyundai Venue – What to Buy?
