KIA Lucky Motors closes 4 dealerships in Pakistan

MG News | August 07, 2023 at 03:39 PM GMT+05:00

0:00

August 07, 2023 (MLN): Lucky Motor Corporation Limited (Formerly KIA Lucky Motors Pakistan Limited) announced on Monday that the company is closing the operations of its four dealerships in Pakistan with immediate effect, said a press release issued by the company on the same day.

The four dealerships that will be closed are; Kia Motors Hanna Lake in Quetta, Kia Motors Chenab in Gujrat, Kia Motors Avenue in Dera Ghazi Khan, and Kia Motors Gateway in Mardan.

“We at LMC always believe in staying transparent with our customers and being a customer-centric company we would like to inform this to all our customers,” the notice reads.

The notice doesn’t specify the reason behind the decision as LMC has been performing well in 2023 with increasing sales while its competitors witnessed declining sales.

To note, Kia Sportage witnessed a 4% increase in total sales MoM and the company managed to sell 163 Picantos, 53 Stonics, and 72 Sorentos in February 2023 alone.

CopyrightMettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	166,258.55 345.39M	-0.85% -1432.54
ALLSHR	99,756.66 682.04M	-0.84% -849.13
KSE30	50,917.87 169.66M	-0.80% -409.75
KMI30	232,771.76 122.66M	-0.63% -1483.82
KMIALLSHR	63,780.68 324.88M	-0.84% -537.69
BKTi	49,031.15 76.99M	-1.23% -610.02
OGTi	32,693.73 16.75M	-1.13% -372.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,185.00	67,760.00 64,325.00	-1640.00 -2.42%
BRENT CRUDE	71.88	71.96 70.69	0.12 0.17%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.50 -3.52%
ROTTERDAM COAL MONTHLY	107.95	107.95 107.95	0.30 0.28%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	66.60	66.67 65.38	0.12 0.18%
SUGAR #11 WORLD	14.05	14.10 13.78	0.18 1.30%