Company:Lucky Motor Corporation
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| Type | Joint venture |
|---|---|
| Industry | Automotive industry |
| Founded | 2017 |
| Headquarters | Karachi, Pakistan |
| Products | Automobiles |
Number of employees | 2000+ |
| Website | www |
Lucky Motor Corporation (LMC) is a Pakistani automobile manufacturer which is a part subsidiary of South Korean automobile manufacturer Kia Motors. It is a joint venture between Lucky Group and Kia Motors.[1] Kia Lucky Motors Pakistan has recently changed its name to Lucky Motors Corporation Limited[2] in 2020 but it does not mean that both companies have ended their partnership.
The manufacturing plant became operational in September 2019.[3][4]
Operations in Pakistan
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
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
Kia
- 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
References
- ↑ Reporter, The Newspaper's Staff (22 November 2016). "'Yunus Brothers, Kia Motors to set up auto assembly plant'". https://www.dawn.com/news/1297762.
- ↑ "Why Lucky Motors Removed KIA from its Name?" (in en-US). 2020-10-06. https://www.pakwheels.com/blog/why-lucky-motors-removed-kia-from-its-name/.
- ↑ "Kia Lucky Motors to start vehicle production by Sept". January 31, 2019. http://tribune.com.pk/story/1901254/2-kia-lucky-motors-start-vehicle-production-sept.
- ↑ "Kia Calgary". https://www.northlandkia.ca/. Friday, 12 February 2021
- ↑ "KIA car prices increased significantly" (in en). 2023-02-22. https://tribune.com.pk/story/2402525/kia-car-prices-increased-significantly.
- ↑ "Car prices raised by 11%" (in en). 2023-03-12. https://tribune.com.pk/story/2405659/car-prices-raised-by-11.
- ↑ News Desk (2023-01-03). "Kia records declining sales in Pakistan" (in en-GB). https://www.globalvillagespace.com/kia-records-declining-sales-in-pakistan/.
- ↑ Masooma, Syeda (16 July 2021). "Lucky Motors to Make Samsung Smartphones in Pakistan". https://propakistani.pk/2021/07/16/lucky-motors-to-make-samsung-smartphones-in-pakistan/.
- ↑ "PTA AUTHORIZES LUCKY MOTOR CORPORATION TO MANUFACTURE SAMSUNG MOBILE DEVICES". 10 August 2021. https://www.pta.gov.pk/en/media-center/single-media/pta-authorizes-lucky-motor-corporation-to-manufacture-samsung-mobile-devices-100821.
- ↑ 10.0 10.1 "New cars set to enter auto sector of Pakistan" (in en). 2021-02-15. http://tribune.com.pk/story/2284299/new-cars-set-to-enter-auto-sector-of-pakistan.
- ↑ "New cars set to enter auto sector of Pakistan" (in en). 2021-08-09. https://propakistani.pk/2021/08/09/lucky-motors-to-launch-new-kia-and-peugeot-cars-in-the-next-few-months.
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