It has been announced by Kia Lucky Motors Pakistan Limited (KLM) that it will begin the booking of its SUV, KIA Sportage from 30th June 2019. The delivery of the car will start in the first week of August.
A notice has been sent to the Pakistan Stock Exchange (PSX) by KIA Lucky Motors notifying them of all its activities in Pakistan.
The company informed in the letter that it has successfully finished commissioning of the equipment and pilot production. It recently began CKD operations at its manufacturing plant that is located at the Bin Qasim Industrial Park, Port Qasim, Karachi.
The total project costs Rs.19.5 billion. The plant has the capacity to produce 50,000 vehicles per year on a double shift basis.
Other than Kia Sportage, the company said that it will start the booking of Kia Picanto in August and its delivery would begin from October 2019.
KIA is one of the recent entrants in the auto industry of Pakistan. Ministry of Industry and Production made an agreement with Kia Lucky Motors under the Automotive Development Policy 2016-2021 back in December 2017, to produce light commercial and passenger vehicles in Pakistan.
This incentive-based policy has encouraged the entry of new automakers in Pakistan including Renault, Volkswagen, Nissan, Hyundai, etc.