Kia Announces Price Increase for Cars
Lucky Motor Corporation Limited (LMCL) reputed for it’s stability in vehicle prices in the past two years. But, instability in the local currency and increase in import costs have motivated the automaker to increase it’s car prices.
KIA has increased the prices of all vehicles in Pakistan namely Sportage, Stonic, and Picanto. KIA new prices are effective with immediate effect, list of new prices are given below:
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KIA Price Increase for Cars
| Cars | Previous Price (in Rs.) | New Price (Rs.) | Difference (Increase) (in Rs.) |
| Picanto M/T | 2,600,000 | 3,100,000 | 500,000 |
| Picanto A/T | 2,700,000 | 3,200,000 | 500,000 |
| Sportage Alpha | 5,300,000 | 6,250,000 | 897,000 |
| Sportage FWD | 5,858,000 | 6,750,000 | 892,000 |
| Sportage AWD | 6,363,000 | 7,250,000 | 877,000 |
| Stonic EX | 4,425,000 | 4,545,000 | 76,000 |
| Stonic EX+ | 4,725,000 | 4,848,000 | 76,000 |
| Sorento 2.4 FWD | 6,904,360 | 7,800,000 | 895,000 |
| Sorento 2.4 AWD | 7,573,990 | 8,500,000 | 926,000 |
| Sorento V6 FWD | 7,573,990 | 8,500,000 | 926,000 |
| Carnival | 11,499,000 | 12,599,000 | 1,100,000 |
Moreover, Pakistani Rupee has dropped to an all-time record-low of Rs. 221.99 against the US Dollar at the closing of the interbank market rate on 19 July 2022. Rupee depreciation is one of the major reason of hike in prices of KIA car variants.
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