Lucky Motor Explained

Lucky Motor Corporation
Type:Subsidiary
Location:Karachi, Pakistan
Industry:Automotive
Products:Automobiles
Revenue Year:2023
Net Income Year:2023
Equity Year:2023
Num Employees:2000+
Owner:Lucky Cement (71.55%)
Parent:Lucky Cement
Footnotes:Financials [1]

Lucky Motor Corporation (LMC) is a Pakistani automobile manufacturer and distributor which is a subsidiary of Lucky Cement.

History

It was founded in 2017 for the purpose of assembling and distributing automobiles from the South Korean automobile manufacturer Kia in Pakistan.[2] Originally incorporated as Kia Lucky Motors Pakistan, the company changed its name to Lucky Motor Corporation Limited[3] in 2020. It did so because it added Peugeot to its business, similarly assembling, distributing, and marketing Peugeot vehicles in Pakistan. Lucky Motor Corporation continues to assemble and market Kia vehicles.

The manufacturing plant became operational in September 2019.[4] [5]

Mobile assembly

Lucky Motor Corporation (LMC) began assembling Samsung smartphones in Pakistan in December 2021, at its plant in Port Qasim Industrial Zone, Karachi. The Pakistan Telecommunication Authority (PTA) issued authorization for its mobile devices in August 2021.[6]

Products

Kia

Peugeot

Notes and References

  1. Web site: Lucky Motor Annual Report 2023. 4 November 2024.
  2. Web site: 'Yunus Brothers, Kia Motors to set up auto assembly plant'. The Newspaper's Staff. Reporter. 22 November 2016.
  3. Web site: 2020-10-06. Why Lucky Motors Removed KIA from its Name?. 2021-03-09. PakWheels Blog. en-US.
  4. Web site: Kia Lucky Motors to start vehicle production by Sept. January 31, 2019. The Express Tribune.
  5. Web site: Kia Calgary . Friday, 12 February 2021
  6. Web site: 10 August 2021 . PTA AUTHORIZES LUCKY MOTOR CORPORATION TO MANUFACTURE SAMSUNG MOBILE DEVICES . 7 November 2023 . Pakistan Telecommunication Authority.
  7. Web site: 2021-02-15. New cars set to enter auto sector of Pakistan. 2021-02-19. The Express Tribune. en.
  8. Web site: 2021-08-09. New cars set to enter auto sector of Pakistan. 2021-08-09. Propakistani.pk. en.