Lucky Motor Corporation

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Lucky Motor Corporation
Company typeJoint venture
IndustryAutomotive
Founded2017; 7 years ago (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[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]

Peugeot[edit]

References[edit]

  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. ^ a b "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.