KARACHI: Korean KIA Corporation clarified Lucky Motor Corporation (LMC) is exclusive licensee of Kia to manufacture, assemble, market, distribute and sell Kia cars and SUVs in Pakistan according to General Agreement for Technical Collaboration and KD supply signed between both parties. 

In letter of November 9, 2022, SooHang Chang, President of Kia Middle East and Africa clarified that a contract recently signed by between Kia’s ‘Special Vehicle Division’ and Dewan Farooque Motors Limited (DFML) is limited only to special purpose commercial vehicles including PU (Bongo) and DFML is not and shall not in future be allowed to produce any other Kia cars and Kia SUVs in Pakistan as long as Kia and LMC maintain CKD business in Pakistan. “We would like to categorically state that LMC is a trusted long-term CKD partner for Kia Cars and SUVs in Pakistan as per contract. Kia recognises and appreciates efforts LMC has put in to make Kia brand a true success in Pakistan and we truly believe that with a long-term strategic business relationship between Kia and LMC, Kia brand is bound to be one of most successful brands in Pakistan in very near future,” SooHang Chang added.

Letter was addressed to Muhammad Faisal President Automotive Lucky Motor Corporation Limited. It was with reference to above matter and further to recent notification by Dewan Farooque Motors Limited to Pakistan Stock Exchange regarding signing of Technology License Agreement between them and Kia Corporation.

Published in The Daily National Courier, November, 11 2022

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