Lucky Motors to Introduce Peugeot Cars in Pakistan

Lucky Motors to Introduce Peugeot Cars in Pakistan 1

Lucky Motors Limited (LML), a Younus Brothers Group’s company has signed an expression of interest (EoI) and a memorandum of understanding (MoU) with Groupe PSA of France to assemble, manufacture, market and sell Peugeot branded passenger cars and light commercial vehicles in Pakistan.

Related: Retro-Styled Peugeot E-Legend Debuts at Paris Motor Show

As per reports Peugeot vehicles will be assembled at Lucky Motors automobile manufacturing facility at Bin Qasim Industrial Park, Karachi. LML is already engaged with the South Korean automaker Kia, with its Kia-Lucky Motors venture having already launched Grand Carnival luxury MPV and Frontier commercial pickup last year and is set to launch Sportage SUV and Picanto hatchback in Pakistan very soon.

Lucky Motors to Introduce Peugeot Cars in Pakistan 2

Groupe PSA is a French-based multinational manufacturer of automobiles and operates Peugeot, Citroën, DS, Opel and Vauxhall marques, with Peugeot being its largest brand in Europe.

Related: Government Negotiating with Renault Al-Futtaim amid Exit from Pakistan

CEO of LML Asif Rizvi while talking to Dawn revealed that the company has applied to the Board of Investment (BoI) for Category-A Greenfield investment status under the Auto Development Policy (ADP) 2016-21.

Lucky Motors to Introduce Peugeot Cars in Pakistan 3

He said necessary definitive agreements with Groupe PSA are expected to be executed within the next two months. Asif Rizvi further added:

“Initially we have decided to assemble Peugeot cars which will be the first European car to arrive in the CKD category in the country. The new project involves an investment of about $15 million in jigs and fixtures and facility since the LML plant will be used for assembly of the European cars.”

According to Asif Rizvi, the introduction of Peugeot cars in Pakistan will give consumers an even wider range of options, through low volume production, besides intensifying competition among the existing and new players.

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About UsmanAnsari

A 3d animation professional with over 19 years of industry experience, an avid car enthusiast, petrolhead and social media influencer. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com

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Mujtaba
Mujtaba
1 year ago

now this is really a good news. looking forward 🙂

Yawar Abbas
Yawar Abbas
1 year ago

hope they bring something within reach of public this time

M Umair
M Umair
1 year ago

so finally a European company is coming. Hope Renault change their mind and come back

Shoaib Amjad
Shoaib Amjad
1 year ago

they should launch small & medium hatchbacks and sedans, not those big expensive SUvs or Mpvs which no one wants to buy

Atif Zaki
Atif Zaki
1 year ago

though its a good news but European cars have no proper exposure to Pakistani market before. Even Korean cars are not able to beat Japanese cars so EU cars will take even longer. nevertheless a positive news for sure

Muhammad Muaaz
Muhammad Muaaz
1 year ago

Another MPV and Van producer arrives i guess

Uzair Ali
Uzair Ali
1 year ago

well… another assembler