KIA Lucky Motors Pakistan Ltd (KLM), a subsidiary of Lucky Cement Ltd, has successfully completed commissioning of the equipment and pilot production and recently commenced CKD operation at its plant located at Bin Qasim Industrial Park (BQIP), Karachi within the originally envisaged project timeline.
According to a notice sent to Pakistan Stock Exchange (PSX), the total project cost of the company amounts to Rs 19.5 billion. KLM's has the capacity to produce 50,000 vehicle per annum on a double shift basis. The booking of 'Sportage' an SUV being KLM's first model will start from June 30 and delivery will start from first week of August (Rs 4,599,000 for FWD and Rs 4,999,000 for AWD versions). The booking of 'Picanto' hatchback being KLM's second model is expected to start in August and delivery from October 2019.
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