In the following months, Pakistan’s Lucky Motor Corporation (LMC) is expected to release the KIA Stonic and Peugeot 2008, aiming to become the country’s sole manufacturer to construct vehicles from two separate brands.
According to market sources, the KIA Stonic will debut in Pakistan in October, while the Peugeot 2008 will debut in November. The vehicles would be produced locally at the KIA facility in Port Qasim, according to the source.
Back in February, LMC released the KIA Sorento with three variants: 2.4 litres, 2.4 litres, and 3,5 litres of the front wheel drive. LMC is already operating the KIA Sorento.
KIA Stonic is a Kia Motors-built subcompact SUV (B-section) crossover. Also created by the PSA Group, afterwards dubbed Stellantis is the SUV subcompact crossover (b-segment).
A number of firms have declared local assembly in Pakistan in search of subsidies from the country’s former automotive policy which expires in 2021.
Under the umbrella of auto development policy 16-21 companies such as Hyundai Nishat Motor Private Limited (‘Hyundai Pakistan’) have been founded (ADP).