Lucky Motor Corporation (LMC), the assembler of KIA cars in Pakistan, hasjacked up prices of its most famous models including the KIA Sportage, withthe surge going as high as Rs350,000.
Amid huge depreciation of local currency and a hike in cost production,South Korean automobile manufacturer has revised the prices of some of itsvehicles.
KIA is the first auto giant to revise car prices following the depreciationof the local currency and other carmakers are expected to join the list.
As per the new rates, Kia Picanto AT, the automaker’s cheapest ride, hasseen its prices jump by up to Rs125,000, and the new price stands at Rs3.9million. KIA Stonic price has been increased from Rs6,050,000 toRs6,280,000, with shocking surge of Rs230,000.
Its most selling unit Sportage AWD, which was selling for Rs8,820,000, nowcosts Rs8,920,000, with a price surge of Rs1lac. Similarly, the price ofKIA Sportage Black has jumped by Rs350,000 to Rs9,650,000.
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KIA Cars Latest Price in Pakistan September 2023Models Old Price New Price Price DifferenceKia Picanto AT Rs3,825,000 Rs3,950,000 Rs125,000Kia Stonic EX+ Rs6,050,000 Rs6,280,000 Rs230,000Kia Sportage AWD Rs8,820,000 Rs8,920,000 Rs100,000Kia Sportage Black Rs9,300,000 Rs9,650,000 Rs350,000
Pakistan’s auto industry is bearing the brunt amid the current economicmeltdown as companies are dependent on imports.
