Kathmandu, June 13. Laxmi InterContinental P. Ltd., the authorized distributor of Hyundai Automobiles is betting big on Electric Vehicle space. Hyundai currently has 2 models of electric vehicles- namely Kona and IONIQ. Within a short span of launch, both these models have been well received and accepted by auto enthusiast in Nepalese market. Hyundai understands that the future of automobile is shifting towards electric vehicles and hence, it is aggressively expanding its product portfolio.
The customers worldwide and in Nepal too, have become conscious of the environment and they want to contribute to its sustainability in some meaningful way. Switching to electric vehicles happen to be one of the effective way to contribute. The last budget introduced by Nepal government had levied additional duties on electric vehicles that led to skyrocketing of the price. However, in the recent budget presented for 2078- 79, the duties on electric vehicles have been substantially reduced and Hyundai believes, this will push the consumers to switch to electric vehicles. Currently Hyundai has Kona (100 kW battery) priced at NPR. 56.96 lacs, Kona (150kW battery) priced at NPR. 71.96 lacs and IONIQ (100 kW battery) priced at NPR. 57.96 lacs.
Laxmi InterContinental is not only focused on selling its EV brand but is also investing extensively in the installation of Charging points. Hyundai currently boasts of 21 charging points spread across different parts of Nepal. Hyundai owners will have priority on charging their vehicles with free of cost however for other brand EV, charging cost may differ as per charging points.
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The company sees a lot of potential in EV space and is counting on selling higher units of its EV portfolio. Keeping in mind the need to focus on developing infrastructure for EV, the company is planning to install substantial number of charging points across major cities and national highways of Nepal to make EV journey stress free. Laxmi Intercontinental P. Ltd. has a pan Nepal presence through 13 dealers and 17 Service Centers. Hyundai is among the 5 largest automobile manufacturers in the world and manufactures superior quality vehicles trusted by millions all over the world.