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

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

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 car prices increased significantly". The Express Tribune. 2023-02-22. Retrieved 2023-03-14.
  6. ↑ "Car prices raised by 11%". The Express Tribune. 2023-03-12. Retrieved 2023-03-14.
  7. ↑ News Desk (2023-01-03). "Kia records declining sales in Pakistan". Global Village Space. Retrieved 2023-03-14.
  8. ↑ Masooma, Syeda (16 July 2021). "Lucky Motors to Make Samsung Smartphones in Pakistan". ProPakistani. Retrieved 7 November 2023.
  9. ↑ "PTA AUTHORIZES LUCKY MOTOR CORPORATION TO MANUFACTURE SAMSUNG MOBILE DEVICES". Pakistan Telecommunication Authority. 10 August 2021. Retrieved 7 November 2023.
  10. 1 2 "New cars set to enter auto sector of Pakistan". The Express Tribune. 2021-02-15. Retrieved 2021-02-19.
  11. ↑ "New cars set to enter auto sector of Pakistan". Propakistani.pk. 2021-08-09. Retrieved 2021-08-09.


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