Lucky Motor

Lucky Motor Corporation
Company typeSubsidiary
IndustryAutomotive
Founded2017; 8 years ago (2017)
HeadquartersKarachi, Pakistan
ProductsAutomobiles
RevenueDecrease Rs. 82.0 billion (US$280 million) (2023)
Decrease Rs. 9.0 billion (US$31 million) (2023)
Total equityIncrease Rs. 33.0 billion (US$110 million) (2023)
OwnerLucky Cement (71.55%)
Number of employees
2000+
ParentLucky Cement
Websiteluckymotorcorp.com
Footnotes / references
Financials as of 30 June 2023 [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

References

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


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