KATHMANDU, June 24: Laxmi Intercontinental, the official dealer of Hyundai vehicles for Nepal, has announced the price of Hyundai Venue Made-in-Nepal through its sister company Laxmi Motor Corporation and has started sales and distribution.

Keeping in mind that Hyundai Venue is commercially manufactured in Nepal, Hyundai Nepal: Made for Your Journey has introduced a customer-oriented plan. 

According to the company, in this scheme, 6.99 percent financing, 10 years of free servicing and 3 years of warranty will be available when purchasing a Hyundai Venue. Laxmi Motor Corporation was established in Nepal through Laxmi Group's investment and technical cooperation with Hyundai Motor Company. 

Laxmi Motor Corporation has started the production of the Venue model for the first time in Nepal and the company claims that its structure, quality, performance and other features are the same as vehicles of the same model made in Hyundai Motor Company, Korea or India.

The aim of the company is to produce domestically, industrialization of the country, import substitution, job creation, increase in domestic revenue, skill and technology development, establishment of subsidiary industries, consumption of domestic resources and electricity, contribution to the total domestic production, as well as providing vehicles at discounted prices to consumers. . 

The price of Made in Nepal Hyundai Venue 1.2 (S), which has started sales, has been fixed at Rs 4,496,000 per unit and the price of Venue 1.2 (SX) has been fixed at Rs 5,356,000 per unit.