Lucky Motors Corporation (LMCL) has announced a new offer for customers as it provides instant delivery of Kia vehicles alongside with locked prices so customer’s won’t have to pay any difference at the time of delivery.
The announcement was made by the company on its social media handles, “This December, become part of the Kia Family and avail immediate delivery with a guaranteed Price lock.” said the company on its Facebook page.
Opting for a Kia might be a good option as other automotive manufacturers like Suzuki, Honda or Toyota are delivering their vehicles after long wait times of over 6 months due to increased demand and slowed products arising from supply chain issues from restrictions of LCs on import of CKD kits.
The announcement comes shortly after Changan Master Motors announced a similar policy regarding ‘Price Lock’ for customers. According to the details, customers who booked vehicles from the company with full payment would get a locked / fixed price along with prioritized delivery.
The reason behind the move was to protect customers from price changes due to poor economic conditions and constantly fluctuating exchange rate (USD to PKR).
The automotive companies are struggling in the current economy as they observe several Non Production Days (NPDs) due to shortage of raw materials arising from restrictions by State Bank of Pakistan (SBP) on issuance of Letter of Credits (LCs) for the import of CKD kits.
Furthermore, the increased costs of shipment and rising exchange rate (USD to PKR) is another culprit for car assembler’s misfortune for the last few months.