KARACHI: KIA Lucky Motors (KLM) on Wednesday launched its all-wheel 2,000cc sports utility vehicle (SUV) Sportage.

Addressing the launching ceremony at a local hotel, KLM CEO Asif Rizvi said the company has invested $175 million to set up a new state of the art auto plant with a capacity of 50,000 units per year. He said KLM received a good response for Sportage from customers and its limited quantity, which was introduced at introductory prices, was completely sold out in just 10 days.

Currently KLM has 15 dealers across Pakistan and the company has a three-year programme to expand its dealers’ network in all major cities of the country.

With the introduction of new entrants in the local auto sector, overall the consumers would benefit in terms of warranty period and improvement in service quality, he said.

KLM vehicles will have Euro II engines as per the fuel options available in the country. Talking about the tax concession for new entrants, Rizvi said that they have been given to attract new investment in the auto sector and thus increase the choices and options of locally produced vehicles for buyers.

Published in Dawn, August 8th, 2019