Lucky Motor Corporation

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.

Lucky Motor Corporation
TypeJoint venture
IndustryAutomotive
Founded2017 (2017)
HeadquartersKarachi, Pakistan
ProductsAutomobiles
Number of employees
2000+
Websitewww.luckymotorcorp.com

The manufacturing plant became operational in September 2019.[3][4] Following vehicles are assembled/manufactured:[5]

Operations in Pakistan

In the first quarter of 2023, Lucky Motors increase the prices of their cars, primarily due to the imposition of heavy taxes by the government.[6][7] 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.[8]

Products

Kia

Peugeot

References
  1. Reporter, The Newspaper's Staff (22 November 2016). "'Yunus Brothers, Kia Motors to set up auto assembly plant'".
  2. "Why Lucky Motors Removed KIA from its Name?". PakWheels Blog. 2020-10-06. Retrieved 2021-03-09.
  3. "Kia Lucky Motors to start vehicle production by Sept". The Express Tribune. January 31, 2019.
  4. "Kia Calgary". Friday, 12 February 2021
  5. "Kia Motors Pakistan | Sedans, Hatchbacks, SUVs & MPVs". www.kia.com.
  6. "KIA car prices increased significantly". The Express Tribune. 2023-02-22. Retrieved 2023-03-14.
  7. "Car prices raised by 11%". The Express Tribune. 2023-03-12. Retrieved 2023-03-14.
  8. News Desk (2023-01-03). "Kia records declining sales in Pakistan". Global Village Space. Retrieved 2023-03-14.
  9. "New cars set to enter auto sector of Pakistan". The Express Tribune. 2021-02-15. Retrieved 2021-02-19.
  10. "New cars set to enter auto sector of Pakistan". Propakistani.pk. 2021-08-09. Retrieved 2021-08-09.


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