Dewan signs a technical agreement with Kia for assembly of KIA vehicles. As of now not much is known but most probably commercial vehicle similar to Hyundai Porter H1. Not sure if Dewan will have access to passenger vehicle and we dont know if lucky motors have exclusive rights or not. I think Lucky motors might have sole rights but God knows. Someone also told me that Kia has military vehicles division as well.. again no idea if that would be something.
“There is no clarity on whether Dewan Farooque Motors would enter the passenger cars' segment or commercial vehicles,” Ismail Iqbal Securities' auto sector analyst Muqeet Naeem told Business Recorder after the announcement.
STAY TUNED!!
