Lucky Cement, a company owned by Yunus Brothers Group (YBG) released their annual report yesterday that spoke ambitiously of the progress that they have made in the 2019-20 financial year.
As per the report, the group has indeed had a phenomenal year, despite all the natural and man-made challenges that the company has had to endure through. One of their most promising offerings to the public has been Kia Lucky Motors (KLM).
The company was reintroduced to the Pakistani market in 2017 after 8 years of absence. Upon their arrival, Kia Lucky launched the Grand Carnival and the Frontier K-2700 light pickup truck in Pakistan. In mid to late 2019, Kia Lucky introduced the Picanto mini Hatch-back to rival the Suzuki Cultus, and the Sportage to rival the Toyota Fortuner.
Needless to say that both cars did very well against all odds, as the company is now gearing up for a double-shift production schedule to meet the rising demand of the Sportage as well as the Picanto among the buyers. In the annual report, the CEO of Kia Lucky Motors made the following statement:
Ever since the commencement of KIA Lucky Motors, the Company has received overwhelming response from the consumers for both of its models i.e. Sportage and Picanto. The order intake has increased multifold and currently the Company is planning to start the second shift to meet the customer demand from January 1, 2021.
Kia Lucky’s recent success in Pakistan can also be testified by the fact that the company has established over 20 dealerships all across Pakistan in just about a couple of years. Also, there’s been news of Kia planning to take-on the family sedan market of Pakistan by introducing the new Cerato in Pakistan. With their pace in terms of development, Kia Lucky is indeed set to become one of the biggest automakers in the Pakistani Market.