Kia Lucky Motors Pakistan will Start Vehicle Production| September 2019

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Make your Journey Safe with the Commercial Vehicle Production of Kia Lucky Motors Pakistan…!!!

Everyone want to ride a safe and secure journey with their friends and family members. In this regard, all vehicle manufacturing companies are introducing many new vehicles for their customers. This time Kia Lucky Motors Pakistan Limited (KLM) that is one of the eight new prospective entrants into the automobile sector announced a news. The good news is that Kia Lucky Motors Pakistan announced that it would start the commercial production of vehicles in this year from September 2019. A complete notification was sent to the Pakistan Stock Exchange (PSX) related to this production. Company hit to start this production in the first quarter of financial year 2019 to 2020. Kia Lucky Motors Pakistan a joint venture between Lucky group and South Korea’s Kia Motors, is an enterprise worth Rs.20 billion including Rs.14 billion in investment from the Yunus Brothers Group (YBG). The joint venture allows to manufacture, assemble, market and distribute all kinds of Kia vehicles, parts and accessories under license from Kia Motors Corporation. The leveling work of the project site is started in January 2019 and civil work is expected to begin in March 2019.

Kia Lucky Motors Pakistan

Here is a good news for the travelers who want to get some new and trendy vehicles for their safe journeys. Kia Lucky Motors Pakistan is one of the eight new prospective entrants into the automobile sector. A complete notification was sent to the Pakistan Stock Exchange (PSX) related to its production. The Kia Lucky Motors announced that it will start the commercial production of vehicles or automobiles in this year from September 2019. Kia Lucky Motors Pakistan establishes a joint venture between Lucky group and South Korea’s Kia Motors, is an enterprise worth Rs.20 billion including Rs.14 billion in investment from Yunus Brothers Group (YBG).

Through this joint venture, they are able to manufacture, assemble, market and distribute all kinds of Kia vehicles, parts and accessories under license from Kia Motors Corporation.

Other automobile companies are increasing the prices of their vehicles as United Bravo also increased the price of Rs.45000/-.

Kia started the sale of imported completely built units (CBU) on June 1, 2018. It also established the company-owned and third-party operated dealerships in some selected metropolitan cities in Pakistan.

The full setup is being built at Bin Qasim Industrial Park (BQIP) and waiting for electricity, gas and other utilities. The leveling work of the project site is started in January 2019 and civil work is expected to begin in March 2019. Company hit to start this production in the first quarter of financial year 2019 to 2020. YBG is also investing for power sector by setting up a 660-megawatt plant which targets to commence commercial operation on March 1, 2021.

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