The once dubbed ‘#Kia Lucky Motors Ltd.’ has apparently decided to go with a name change. Evidently, this new name has been devised with the purpose of expansion in mind, as ‘Lucky Motors Ltd.’ are set to start offering Peugeot cars in Pakistan soon.
Reportedly, Lucky Motors Ltd. signed an expression of interest (EoI) and a memorandum of understanding (MoU) with the Groupe PSA of France in mid-May. As per the mutual agreement between the 2 entities, Lucky Motors Ltd. shall assemble, manufacture, market, distribute and sell PSA passenger cars and light commercial vehicles in Pakistan.
For the unaware, Groupe PSA is a large French-based multinational conglomerate that owns various automakers such as Peugeot, Citroën, DS, Opel, and Vauxhall. Peugeot is the largest PSA automaker in the entire European region..