Lucky Motor Corporation (LMC) is a Pakistani automobile manufacturer and distributor. It began as a subsidiary of the Lucky Group for the purpose of assembling and distributing automobiles from the South Korean automobile manufacturer Kia in Pakistan.[1] Originally incorporated as Kia Lucky Motors Pakistan, the company changed its name to Lucky Motor Corporation Limited[2] in 2020. It did so because it added Peugeot to its business, similarly assembling, distributing, and marketing Peugeot vehicles in Pakistan. Lucky Motor Corporation continues to assemble and market Kia vehicles.
Company type | Subsidiary |
---|---|
Industry | Automotive |
Founded | 2017 |
Headquarters | Karachi, Pakistan |
Products | Automobiles |
Number of employees | 2000+ |
Website | www |
The manufacturing plant became operational in September 2019.[3][4]
Operations in Pakistan edit
In the first quarter of 2023, Lucky Motors increased the prices of Kia cars, primarily due to the imposition of heavy taxes by the government.[5][6] This sudden increase in prices significantly affected the affordability of the vehicles for the general public, leading to a substantial decline in the company's sales figures.[7]
Agreement with Samsung edit
Lucky Motor Corporation (LMC) began manufacturing Samsung smartphones in Pakistan in December 2021, at their plant in Port Qasim Industrial Zone, Karachi.[8] The Pakistan Telecommunication Authority (PTA) issued authorization for mobile device manufacturing to LMC in August 2021.[9]
Products edit
Kia edit
- Kia Picanto (City car)
- Kia Sportage (Compact SUV)
- Kia Stonic (Subcompact Crossover SUV)[10]
- Kia Sorento (Mid-size Crossover SUV)[10]
- Kia Grand Carnival (KA4) (Minivan)
Peugeot edit
References edit
- ^ Reporter, The Newspaper's Staff (22 November 2016). "'Yunus Brothers, Kia Motors to set up auto assembly plant'".
- ^ "Why Lucky Motors Removed KIA from its Name?". PakWheels Blog. 2020-10-06. Retrieved 2021-03-09.
- ^ "Kia Lucky Motors to start vehicle production by Sept". The Express Tribune. January 31, 2019.
- ^ "Kia Calgary". Friday, 12 February 2021
- ^ "KIA car prices increased significantly". The Express Tribune. 2023-02-22. Retrieved 2023-03-14.
- ^ "Car prices raised by 11%". The Express Tribune. 2023-03-12. Retrieved 2023-03-14.
- ^ News Desk (2023-01-03). "Kia records declining sales in Pakistan". Global Village Space. Retrieved 2023-03-14.
- ^ Masooma, Syeda (16 July 2021). "Lucky Motors to Make Samsung Smartphones in Pakistan". ProPakistani. Retrieved 7 November 2023.
- ^ "PTA AUTHORIZES LUCKY MOTOR CORPORATION TO MANUFACTURE SAMSUNG MOBILE DEVICES". Pakistan Telecommunication Authority. 10 August 2021. Retrieved 7 November 2023.
- ^ a b "New cars set to enter auto sector of Pakistan". The Express Tribune. 2021-02-15. Retrieved 2021-02-19.
- ^ "New cars set to enter auto sector of Pakistan". Propakistani.pk. 2021-08-09. Retrieved 2021-08-09.